from Hacker News

Web3 game project allegedly hired actors to pose as execs in $1.6M exit scam

by Umofomia on 10/23/23, 11:21 PM with 18 comments

• by gumby on 10/24/23, 12:11 AM

  Crypto scam stories have become boring. How about one about something — anything — crypto-related that’s not bullshit? Now that would be a “man bites dog” story!

• by theogravity on 10/24/23, 12:29 AM

  > According to blockchain data, the project deployed its token contract to the BNB Smart Chain network on Oct. 10.

  BSC (Binance Smart Chain), the home of scamcoins. Anything on BSC is an automatic red flag.

• by DanielHB on 10/24/23, 8:13 AM

  Blockchain has the potential to completely replace noteraries, real state deeds, most types of IDs, medical records, all sorts of contracts and digital signing. A lot of government systems could be put on the blockchain and become interoperable with government systems of other countries. It is hard enough to keep medical records systems within a single country already.

  This alone is worth billions of dollars in saved bureaucracy overhead. Unfortunately it relies on governments and bureaucrats relishing control of the bureaucracy so it is really hard to push forward. Especially considering there is not a lot of money to be made in these areas, in fact it reduces the amount of money spent on middle-man.

  The icing on the cake is that any country that implements a blockchain systems for a certain bureaucratic function will most likely make it open source (for transparency reasons), meaning other countries could just git clone the algorithms and implement any extra requirements. A lot of the prosperity of the west world came from strong, stable, predictable institutions. Those institutions could be automated and exported to the developing world making it much harder for corruption to take place.

• by tantalor on 10/24/23, 12:11 AM

  Paging Molly White...

• by bdcravens on 10/24/23, 12:19 AM

  Of course they did. Is there anything from the laser-eye meme era that is still valuable?