It might be hard to believe, but on the inside, people like this are pretty easy to spot. Crypto people are weirdly bad at scamming, compared to other con artists, but because the amount of damage is so fast and liquidity so easy, incompetent people can do a lot of damage.
The scammers also the most vocal. Partially because they aren’t building something novel or valuable, and make up for it in marketing and flash. It’s also faster to build a con than to build a real product, so you see more of them
But yes. It is exhausting. Honest parties in the industry need to build against a large and growing negative reputation. It may be insurmountable. And the industry, generally, does nothing to punish these bad parties or self-regulate. The industry likely has to die, and be reborn after the token/blockchain era
The scammers also the most vocal. Partially because they aren’t building something novel or valuable, and make up for it in marketing and flash. It’s also faster to build a con than to build a real product, so you see more of them
But yes. It is exhausting. Honest parties in the industry need to build against a large and growing negative reputation. It may be insurmountable. And the industry, generally, does nothing to punish these bad parties or self-regulate. The industry likely has to die, and be reborn after the token/blockchain era