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Bankers Bad Dream
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Rise and shine, Nostr

The main signs of a scam-project 🗳

Catch information that will help you distinguish worthwhile projects from those on which you are 100% likely to lose money 🥲

◾️Project team throws around promises they can't deliver. For example, promises guaranteed earnings that cannot be accurately predicted.

◾️The project team is anonymous. When implementing a quality project, there is no point in hiding the team. Even the opposite, a strong team is one of the factors of success of the project, which is evaluated by investors.

◾️The project has no technical documentation or working product. Even the most revolutionary idea without proper documentation of its technical solution is nothing.

◾️An announcement of a super large-scale project with a small team. It's hardly worth trusting a project if there are a few people on the team and they want to become the new Google or Apple without any product.

◾️Roadmap, painted out for several years ahead. The crypto market is very dynamic, with the likelihood that several peers will have already been released in that time.

◾️Lots of consultants. Most of them are involved in projects for money or for self-praise. If there are a lot of them, it is not yet a sign of quality.

◾️Large share of the team in the allocation of tokens. Often a team wants to get 30-40% of the tokens, and loudly proclaims the high decentralization of the project. This looks very questionable.

◾️Low token price. Some may see this as a great potential for growth, but attention should be paid to capitalization.

◾️Weak marketing. Even the coolest product can fail if nobody knows about it. The absence of the project in any social networks is already a very alarming sign.

◾️A very big hype around a project. This is not always a good thing either. Maybe all the money went to marketing rather than the product itself. And it can also lead to external audits and investigations, which can have a negative impact on the further fate of the project.

◾️It is not clear what the project does. If you've studied the information about the project, but still don't understand it, you shouldn't carry money there. Either the team is unable to adequately convey information, or is trying to hide something.

◾️Project hides information about competitors. A good project should not be afraid of competitors. If they are not mentioned in the documentation, that is a reason to think twice.

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Main signs of a scam project 🗳️

◾It isn't Bitcoin

(ftfy)

I totally see your point, and yes the risk or "temptation" to accidentally fall down a shitcoin rabbit hole is something we should be mindful of but it shouldn't stifle progress.

You can make an obtuse argument that zapping over nostr is a third layer of shitcoining and not truly "Bitcoin"

I think if badges can serve some kind of legitimate utility beyond a digital beanie baby it is at least worth the consideration and experimentation, keeping in mind nostr is actually a protocol completely independent of Bitcoin. It's not even a blockchain. I think we are going to see a lot of unique ways to monotize things over nostr likely many of which haven't even been considered yet.

I am good with keeping it cute. I am not advocating badges being anything more than a sticker.

I am just wondering what the possibilities are, and if it is possible someone is probably going to try it whether we like it or not.

My three year old makes "poot frints" in the snow 👣❄️

I just got a system76 machine last week and I am happy with it.

Generally not a fan of Ubuntu or derivatives, I am am a long time Arch user. Pop OS is a solid experience though. Winning me over.

I think Mint is excellent for beginners as well.

I am kind of at the point I life where I don't like recommending distributions to people because they are so many different ones there is (probably) a fit for each individual person. It would be like someone recommending boxers or briefs to me. Who are you to say how my junk is handled? I mean it is great if you have a preference, and thanks for sharing. It's great for the sake of discussion. May I will try something for the first time and like it.

Two things are really don't like are KDE, and Snap, which of course aren't distro specific but I will probably never use those ever in any distro again, but other than that the best thing to do is try a bunch out and see what fits.

Got an Bluesky waitlist survey email yesterday. Are we getting close #[0] ?