In Case You Were Wondering... It's All a Scam
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In Case You Were Wondering... It's All a Scam
Level 3 - DeFi Virgin Analyst
Welcome Avatar! This will be a bit of change in writing style as we attempt a bulleted format style for various scams (writing style stolen from Brain to see if it works for short form info!). This will likely help a lot of you make better decisions as you follow the “train of thought” for each variety of scams. We’ll go ahead and start with college admisssion.
College Admissions
The rule is basically that you can increase your chances by doing many of the following and we’ll pose a question and answer at the end.
You should be doing volunteer work to increase your chances. Will anyone actually check if you just put down a random contact you know to confirm? Nope, you know what to do
You should apply to the major you want to study within the college of XYZ. Will anyone actually care if you switch majors the quarte/semester you show up, is it illegal? Nope, so apply to the easiest major by statistical entry
You know that certain minorities will have a better chance of admission. Even Elizabeth Warren claimed to be native american. Does anyone check? Nope, you know what to do
Most of the professors at every single college have never worked in the private world/real world. Therefore are the answers to the test “what is correct” or “what he/she thinks is correct”? What they think is correct, you know what to do.
What percent of classes do you use in the real world? Less than 10%. You know what classes to really study and which class to do the minimum to achieve a 3.7 GPA.
Does a company have interest in training employees or are they tired all the time and prefer someone that they don’t have to spend a lot of time with? You know the answer, get real world experience. Do the minimum for that 3.7GPA.
Does anyone take the time to check who your prestigious university professor is? Nope, you know what to do, take the easiest professor who gives out the most As and Bs.
Will your major actually increase your annual income by a significant margin (above $50,000 USTT a year?) No? Probably best to pick a trade or switch majors/schools.
Is This Person Rich?
If you are a target famous as an athlete or billionaire CEO you’re a target to be hit up all day. Now ask yourself, do you think they enjoy being a target (just youtube the lives of Beiber or the Kardashians. Or see this from a pro NHL Athlete
If you hit $10,000,000 USTT in net worth, do you think your “friends” will expect you to pay the bills? How about your relatives who told you that you would fail? You know the answer, so why make it public
If you have been watching the world unfold (outside Florida and Texas which are seeing prosperity), do you think it is wise to wear a $200,000 watch and post it on the Gram? You know the answer, so why increase risk of robbery
If you understand the above, why would you want to pretend to be rich and become a public figure? You know the answer, to sell you the dream. No rich guy wants you to know he is rich. The rich guys who want you to think they are rich are hoping you follow them like puppy dogs
If you are actually elite do you need to tell people you are elite and rich? No. Tiger Woods walks into a restaurant he doesn’t need to prove anything
Interest Payments in the USA: Getting to the finance topics right now we’re on track for $600 Billion US tokens in interest alone.
Rough maths call it $300B paid so far just in interest (link here). Double it and call it $600B (autist note this is just what they are willing to tell you).
Second maths calculation: Since we know the last year or so rates have effectively been zero (we can use 0.5% to be safe). It means if we 6x the interest rate it goes to $3 Trillion
Quick maths continued: $3T in total interest rate payments versus. $6.4T in total federal spending (here)
Adjustment for conservatism: Assume a ton of it is set at low rates. And we cut the interest payment by 60%!. It means that the interest payment would still be $1.2T which is 18.75% just on debt alone. If interest rates go to 5-6% you’re looking at up to 37-38% in interest payments alone
Does this sound sustainable to you? Debt needs to come down which leads to taxation and lower spending! Or it doesn’t your call
Mortgages Rising… By Design?
Over the past 2 years we had zero interest rate environments. This means that the rich could lock in 2-3% loans for 30 years (and other such crazy metrics). Now suddenly 30 year mortgages average at 5% or s0. Do you believe this hurts everyone equally or directly kills the middle/upper middle class?
Now that we have 5% rates, is there any reason to sell properties locked in with 2.5-2.6% rates? Probably not. Also. Who do you believe has enough cash on hand to buy properties if middle class/upper middle class families are forced to sell or take out loans against their homes? The rich!
Interest rates go up, inflation is going up… Who can survive the double whammy of not being able to buy a place and on top of that not being able to save as much due to 13% inflation on basic goods. You guessed it, the rich!
Autist note our back of the envelope minimum 13% ended up being in-line with ChainLink creating an inflation index suggesting 13.3%
Is CPI a Scam? Of Course
This is simply not good. Below is the published data where in “theory” prices should not be accelerated. Read that again. If prices were up 4% last year in April 2021 and up 8% in April 2022 that means 12.3% inflation over two years. Read the table below carefully.
March: Okay so March was up 2.6%. Remember. February was 1.7% so it means Feb of 2022 was in addition to the 1.7%. March numbers will be on top of 1.026%!
January was 1.075*1.014 = 9%.
February was 1.017*1.079 = 9.7%
March was 1.026* ???? = ??? - This number the government is already telling you will be acceleration! Scary stuff.
April will be 1.04.2 * ???
Note: If we don’t see improving numbers in April of 2022 there are big problems in terms of inflation.
Inflation Issue: In a strange change of tune, if inflation doesn’t get better it’s likely because of the VELOCITY of money at this point. While money printer is still going BRR to beat the ugly numbers from last year you really need to have economies opening up (Texas/Florida are practically normal at this point).
Since we know the rough inflation calculation is money supply × velocity of money… If velocity picks up even to pre-covid levels of 1.4 or so, you’re looking at more and more inflation. We already know the money supply ballooned beyond belief. Unclear how this shakes out since the smart people are working from home… But you get the idea.
Will You Get Rich Without Risk Management? No.
A common theme on crypto is they missed the boat on BTC/ETH. That’s cool and all but look at all the famous projects that blew up and if you never took risk off the chances are high you lost money. It was actually brutally hard to beat ETH. Yes. Really.
OHM: Famous project peaked at around $4B Market cap, now at around $500M. nearly down 90% (well down 90% if you take exact peaks. However. During this time you could have sold your principal at least 5 times on the run up.
ENS: Since this one is dead and paid subs benefitted huge from the ~$7-10K airdrop. That same airdrop is now worth 80% less (around $14 from around $70). During this time since your airdrop was free you could have old half and had $4,000 in ETH/BTC and around $800 in ENS if you wanted to keep the moonbag.
BitClout/DeSO: Clear VC cash grab. Since VCs are no longer needed as elite individuals don’t have to work for them. The only value is in the brand name which they are milking to the bone as we speak. Started out at $160 and stands at $40. Only way to have made money is claiming your coins (we didn’t and you can check the chain since we have morals); and immediately sell. Hype phase just meant everyone helping other people get in on the scam only to market sell on retail.
Botto/X2Y2/LOOKS/Ape: All one again the same air drops pop, people ape in without thinking about risk. Price goes up 100%. Never sell and left at a loss since they bought! Crazy time s we live in!.
Will You Get Rich Copying VCs?
Nope. Once again VCs don’t care about you, they want to sell their bags to you. They know their skill is sending price up by being associated with the project (paid subs remember the $SCRT scam).
Said another way. We know Trump, Biden, Clinton, Bush and any other politician doesn’t care who you are. If you said hello to these people beyond the fake hello if forced to do it, they would be thinking “get this guy outta here ASAP”
Instead of trying to have people who are *incentivized* to dump on you, better to come up with your own thoughts and link up with real free-minded thinking people to uncover new opportunities.
Once again anon. It’s all a scam. Save yourself before you save others.
Join today and get a better education than that $100,000 wasted at universities, or you can continue listening to old timers who can’t even read a etherscan address.
Disclaimer: None of this is to be deemed legal or financial advice of any kind. These are *opinions* written by an anonymous group of Ex-Wall Street Tech Bankers and software engineers who moved into affiliate marketing and e-commerce.
You’re Early: Remember that you’re early. If you need to zoom out see our post here on Crypto versus the Tech bubble (which was only the US stock market).
Below Chart in $Trillions of US Tokens
In Case You Were Wondering... It's All a Scam
Bulleted format 10/10. Can be read way more faster and easier to digest content.
Wish I had the college advice a decade ago. Wasted 2 years doing biomedical engineering b/c I thought employers “respected” someone in a tough major 🤡.
Cheat code: Utilize office hours. Nobody goes to them, & since life is about relationships, it’s super easy to get a professor to like you and help you out (bump your grade/refer you for internships)