| Getting iced
While bitcoin may be mature enough to go out on its own, there are many cryptocurrencies that have clearly not reached that point yet.
On Friday, our esteemed guest columnist John Hargrave spoke out about anonymity in the cryptoverse, and how it can be quite problematic. Personally, I would argue that people who are really well-known are a greater threat.
Sure, it's dangerous to go in on a project where the founders are hiding behind a mask, but let's keep in mind that Satoshi himself would have had a very difficult time creating bitcoin if someone had fully doxxed him.
In my mind, it's far more dangerous to blindly trust someone just because they're well-known. Recently, we saw a very public case erupt involving a popular influencer named Paul Denino, who goes by the pseudonym Ice Poseidon on YouTube.
Coffeezilla did a really great job of exposing Denino as a scammer who stole as much as $500,000 from his followers after they chose to invest in him.
There's nothing particularly shocking about this video, but I see it as very typical for the industry, and everyone should be aware that these things are taking place.
"Yeah, I could give the money back. It is within my power, but I'm gonna look out for myself and not do that. I don't know what else to say, that's just the most honest answer," he stated.
Everyone who invests based on the advice of influencers should watch this interview now. | 