How Do VC-funded Cryptocurrency Projects lie to Community? Here are some of the ways such projects and teams lie to their users. 1. We are going to get rid of the poverty. 2. We are going to offer "Universal basic income" to everyone. 3. We hate centralization (PS: our team gets salary, we got funded through VC) 4. We hate govt (meanwhile US-SEC has asked them to be transparent legally) 5. You can trust us (meanwhile they have chinese and russian team members) 6. FIAT is evil. (a lot of such teams, sell the coin in peak market and run away with FIAT) As you can see a lot of times we are being sold on the promises. And we are being told to HODL the coin like religion. And then some whale in the coin ladder ends up selling and leaves the community in the hopes. take example of Jeff from Uptrennd. Do not believe what Coin project or team tells you about it. Always trust your gut and use the project for your benefit. Do not make any coin a religion. We all have religion of our own, be it christianity or islam or buddhism etc. We can stick to that. Image Credit: https://unsplash.com/photos/4jtHJX4SNk8
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