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Coffeezilla, a YouTuber Exposing Crypto Scams

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Re: Coffeezilla, a YouTuber Exposing Crypto Scams

#31

Post by Nextgrid »

ouid wrote: post #22
Nextgrid wrote: post #14

Earlier quoted context omitted.

Crypto has exactly one non-scam use-case: a way to transfer value that's more resilient to government interference. Can be used for crime, grey areas or in the very rare case where there's no other financial infrastructure to transfer value. Cryptocurrencies make various trade-offs around efficiency, energy use, user experience, etc to operate in such a hostile environment, therefore they should really be used as a l…

Why do you think cryptocurrency solves this problem? Is it because you hope cryptocurrency solves some problem? It's a public ledger. All a hostile government has to do is find who performed the transactions and imprison them. Is that not considerable interference?

There are non-public ledgers such as Monero.

Re: Coffeezilla, a YouTuber Exposing Crypto Scams

#32

Post by gostsamo »

photochemsyn wrote: post #11

I'd like to see someone like this really try to explain the global non-crypto currency system as it exists today in similar detail. This after all was one of the touted reasons for crypto - it would allow people around the world to hold wealth in a stable currency that wouldn't be subject to market crashes and currency devaluations. There are so many interesting questions that remain undiscussed - such as, to what ex…

Value exists only in the eyes of the buyer. Trying to lock value in whateverthing outside of the context of its use is exercise in creating false idols. And in that line of thought, central currencies have value just because the government says that they have value. As far as the common agreement is that governments are worth it, then central currencies will be the default stuff. This is the non-technological chain of trust that crypto bros are trying to fight. If they were not scammers, they would've noticed that this is the wrong place to attack it.

Find something that can do government's job better than the government itself and its mechanism of value exchange will dominate the world. In the meantime, do not invest in scams.

Re: Coffeezilla, a YouTuber Exposing Crypto Scams

#33

Post by colesantiago »

risyachka wrote: post #24
colesantiago wrote: post #19

Earlier quoted context omitted.

MPesa, Paytm, Worldremit, etc. All worldwide. No need for a blockchain. Ever.

You obviously are not from a third world country. It is incredibly hard and often impossible to transfer money across borders from third world countries. Or even to store them reliably. So yes, there is a huge case for blockchain

So you can't transfer money across borders using MPesa and WorldRemit even though they have been there for 15 years?

Re: Coffeezilla, a YouTuber Exposing Crypto Scams

#34

Post by colesantiago »

Coffeezilla is right.

ALL crypto is 100% scams. There is no 99%.

In fact 100% of the time, they have no use case at all and they are even worse than the current system.

Crypto has totally failed time and time again to prove itself.

We now need to come to terms with this failed experiment and call it all off and make them all illegal, where it rightfully should reside in.

I lament to think of the time wasted of many engineers building this distributed casino and ruining people's lives, these engineers in this 'web3' space should instead direct their time towards solutions to make the world a better place.

Re: Coffeezilla, a YouTuber Exposing Crypto Scams

#35

Post by danieldevries »

I've followed Coffeezilla for a while. I was doing an AI course from another youtuber named Siraj Raval in 2019. The course ended up being totally amateur and full of empty promises.

Mr Zilla did a video about it: https://www.youtube.com/watch?v=7jmBE4yPrOs 'AI Guru makes $238,800 with misleading paid course. doesn't credit developers. | Siraj Raval FGF'

Then Zilla started exclusively focusing on crypto/NFT scams. The first few were interesting. Now... its a quite tedious, "the blockchain never lies...look they pulled the rug..." yawn

I hope he goes back to covering other interesting topics again.

Re: Coffeezilla, a YouTuber Exposing Crypto Scams

#36

Post by can16358p »

Good for crypto. I'm a crypto enthusiast and I think crypto has a great future and work in the field.

However because of many scammy projects the whole crypto ecosystem now has a bad name.

I'd love to see more and more scams being exposed for healthy adoption with less manipulation and real investment to projects that have the potential to change things instead of 400000% APYs.

Re: Coffeezilla, a YouTuber Exposing Crypto Scams

#37

Post by [deleted] »

danieldevries wrote: post #35

I've followed Coffeezilla for a while. I was doing an AI course from another youtuber named Siraj Raval in 2019. The course ended up being totally amateur and full of empty promises. Mr Zilla did a video about it: https://www.youtube.com/watch?v=7jmBE4yPrOs 'AI Guru makes $238,800 with misleading paid course. doesn't credit developers. | Siraj Raval FGF' Then Zilla started exclusively focusing on crypto/NFT scams. Th…

[deleted]

Re: Coffeezilla, a YouTuber Exposing Crypto Scams

#38

Post by mechanical_bear »

colesantiago wrote: post #34

Coffeezilla is right. ALL crypto is 100% scams. There is no 99%. In fact 100% of the time, they have no use case at all and they are even worse than the current system. Crypto has totally failed time and time again to prove itself. We now need to come to terms with this failed experiment and call it all off and make them all illegal, where it rightfully should reside in. I lament to think of the time wasted of many e…

This is the problem with the internet, it’s so hard to tell satire from actual cranks.

Re: Coffeezilla, a YouTuber Exposing Crypto Scams

#39

Post by awsrocks »

colesantiago wrote: post #34

Coffeezilla is right. ALL crypto is 100% scams. There is no 99%. In fact 100% of the time, they have no use case at all and they are even worse than the current system. Crypto has totally failed time and time again to prove itself. We now need to come to terms with this failed experiment and call it all off and make them all illegal, where it rightfully should reside in. I lament to think of the time wasted of many e…

No post body was provided.

Re: Coffeezilla, a YouTuber Exposing Crypto Scams

#40

Post by Tesl »

mechanical_bear wrote: post #38
colesantiago wrote: post #34

Coffeezilla is right. ALL crypto is 100% scams. There is no 99%. In fact 100% of the time, they have no use case at all and they are even worse than the current system. Crypto has totally failed time and time again to prove itself. We now need to come to terms with this failed experiment and call it all off and make them all illegal, where it rightfully should reside in. I lament to think of the time wasted of many e…

This is the problem with the internet, it’s so hard to tell satire from actual cranks.

I don't know whether its attempted satire or not - but I unironically agree with it 100%.
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