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Colorado pastor charged for cryptocurrency scam he perpetrated at God's command

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Re: Colorado pastor charged for cryptocurrency scam he perpetrated at God's command

#21
post #11

How do you tell a scam coin from a non scam one? It's like a cult vs a religion, as far as I can tell the only difference is popularity.

Some scam coins are reasonably obvious if you look at the technical details: things like the code allowing the founders access to large pools of funds that they claim they don't have access to. Obviously it's possible to obfuscate or even run a scam-coin without this, but many of the largest rug-pulls have been pretty blatent in this regard.

Re: Colorado pastor charged for cryptocurrency scam he perpetrated at God's command

#22
post #9
post #5

“Pastor for an online ministry” - the cool new way to say “televangelist,” and apparently just as trustworthy.

I didn't know televangelist were a thing until a year or two ago, and remember having my mind blown (in a "but why" way). How is that a thing. Why do so many people fall for it? How do these people get discovered. The only reason I know about them is because of a meme YouTube video where a reporter drilled a televangelist on camera. Aside: may I propose we style the Internet variety as eVangelists?

Counter proposal: how about iVangelist?

Re: Colorado pastor charged for cryptocurrency scam he perpetrated at God's command

#24
post #9
post #5

“Pastor for an online ministry” - the cool new way to say “televangelist,” and apparently just as trustworthy.

I didn't know televangelist were a thing until a year or two ago, and remember having my mind blown (in a "but why" way). How is that a thing. Why do so many people fall for it? How do these people get discovered. The only reason I know about them is because of a meme YouTube video where a reporter drilled a televangelist on camera. Aside: may I propose we style the Internet variety as eVangelists?

I’ve genuinely gotta ask: is not having heard of this an age thing, or a location thing?

Re: Colorado pastor charged for cryptocurrency scam he perpetrated at God's command

#25
post #17

Earlier quoted context omitted.

It's genuinely a difficult question because there are projects that have the exact same technical designs that are still legitimate projects. So how do you evaluate this? From my perspective it used to easier. I'd just look at the problems that the company was focusing on and ask: (1) are they solving a real issue (2) are they making a valid contribution with their solution? Normally both 1 and 2 would be eliminated…

By that standard dogecoin is a scam.

Isn’t that the point of dogecoin? A literal parody?

Re: Colorado pastor charged for cryptocurrency scam he perpetrated at God's command

#26
post #14

Earlier quoted context omitted.

The difference between a cult and a religion is this: a cult wants it all but a religion just wants their cut.

I’ve heard it phrased differently: the difference between a religion and a cult is that in a religion the person at the top of the pyramid making the most money is dead.

Bruh. It’s 2024. Can we stop assuming only religion on the face of earth is Christianity?

Re: Colorado pastor charged for cryptocurrency scam he perpetrated at God's command

#28

Earlier quoted context omitted.

I’ve heard it phrased differently: the difference between a religion and a cult is that in a religion the person at the top of the pyramid making the most money is dead.

Bruh. It’s 2024. Can we stop assuming only religion on the face of earth is Christianity?

Muhammad and Siddharta are dead too.

Re: Colorado pastor charged for cryptocurrency scam he perpetrated at God's command

#29
post #11

How do you tell a scam coin from a non scam one? It's like a cult vs a religion, as far as I can tell the only difference is popularity.

In cases like this it is really easy to tell since the whole thing appears to have been some exchange website where you traded dollars for the supposed crypto coin but there was no way of taking those coins out (because the blockchain and coin didnt exist in the first place). In a sense it really wasn't an actual crypto scam, but a traditional ponzi scheme marketing itself with crypto buzzwords.
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