TL;DR
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In recent weeks, a man named “Voshy” has launched the $GREED project.
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He started tweeting things like “Beware of your greed; greed can consume you,” and every time he tweeted, people just got more optimistic.
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When people hit claim, it triggered two things: they got dropped for $8,007,320,330 GREED, and their Twitter account automatically tweeted an embarrassing warning to others.
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The whole point of this project was to see how far people would go for the potential to make some money – the project was literally called $GREED.
Full story
The next season of Black Mirror is coming in a month – but you could have fooled us if we weren’t already in it.
In recent weeks, a man named Ivor Ivosevic (he goes by the name of ‘Voshy’ although ‘Ivo Ivo’ is much cooler) launched the $GREED project.
He didn’t really mean to launch the $GREED project, it just started with a tweet saying, “Are you guys ready for $ GREED? Notifications on, next post is the most important one for the airdrop. All interactions with this tweet will be recorded.”
The next day, Voshy tweeted, “Doing it for the $GREED,” which led to hundreds of DMs from people asking to pre-sale the $GREED token.
The problem was that the token didn’t even exist!
“No one asked me what the token was or what it was going to be. Everyone just threw out a number that they were ready to send me right away,” Voshy said.
He didn’t want to take their money, but he made the $GREED token real.
He started tweeting things like “Beware of your greed; greed can consume you,” and every time he tweeted, people just got more optimistic.
Behind the scenes, Voshy’s developers created the $GREED token with a mechanism that allowed people to receive it, but never move it. out of their wallet.
To receive the airdrop, people would have to give Voshy permission to post to Twitter on their behalf (as well as a bunch of other dodgy-sounding security concessions).
Then, on Friday, the airdrop happened.
When people hit “claim,” it triggered two things: they got aired for $8,007,320,330 GREED, and their Twitter account automatically tweeted an embarrassing warning to others.
So what does this social experiment teach us?
First, people on the internet love to make money quickly.
For every lucky person who has one 5,000,000% profit on PEPEthousands of people are losing money to insiders, scams and trading bots.
The whole point of this project was to see how far people would go for the potential to make some money – the project was literally called $GREED.
The internet can be a dark and scary place.
The good news is that just like trading stocks, if you bet on crypto projects with solid fundamentals that add value to the world, the chances of getting scammed are much lower.