Elon Musk has once again called attention to the proliferation of cryptocurrency giveaway scams.
The centibillionaire jokingly asked Dogecoin co-founder Billy Markus if the latter would send him 1 DOGE coin after receiving 2 DOGE coins from Musk.
If I send you 2 Doge, will you promise to send me 1 Doge?
— Elon Musk (@elonmusk) October 27, 2021Ripple CTO Emeritus Breaks Silence on XRP and XLM in Epstein FilesCrypto Market Review: Did XRP Downtrend End? Shiba Inu (SHIB) Taking a Beating, Bitcoin (BTC) Safe Above $80,000U.Today Crypto Digest: XRP Millionaires Awaken, Shiba Inu Buyers Step In, Dogecoin Sees 10,782% Rise in Futures VolumeScaramucci: ‘Get Ready’ as Bitcoin Firms Against Falling Gold
Flattered by such attention, Markus said that such a question was “the perfect reply” to his warning about risks associated with crypto.
there are no promises in crypto, except from scammers.
— Shibetoshi Nakamoto (@BillyM2k) October 27, 2021
the people telling the truth will tell you that it's just all about risk. your profits only come from other people taking their own risk. if you lose money, you paid for someone else's risk.
ultimately, that is your choice.
In a sobering tweet directed at naive members of the crypto community members, the Dogecoin co-founder writes that one’s profits come from other people taking risks since there are “no promises” in crypto.
In July 2020, the entrepreneur’s Twitter account was temporarily compromised to advertise a Bitcoin giveaway scam during the largest hack in the social media platform’s history.
Caroline Amosun
Tomiwabold Olajide
Godfrey Benjamin