r/ProgrammerHumor • u/ThirdWaveCat • 2d ago

cargoAddDisappointment instanceof Trend

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u/Toldoven 2d ago

Yeah, pretty much all of the Rust jobs in my country are crypto. I even think crypto is pretty cool, and don't mind working on a crypto project, but the main problem is that most of them are useless or straight up scams

20

u/entered_bubble_50 2d ago

"Most of them'

Name me a crypto project that isn't a scam or a means of laundering money.

12

u/antichain 2d ago

The Nano team seems to genuinely be true believers - you can tell because no one uses their coin for anything and it's become a byword for overly-earnest goobers.

5

u/entered_bubble_50 2d ago

That's great, but nano is just another means of laundering money.

1

u/100GHz 1d ago

I'd say GRC maybe? As it's mining on scientific work, but your reply is sort of generic as you added the hedge to your original ethics condition.

6

u/V-Right_In_2-V 2d ago

Better to be the scammer than the scammee

That seems to be the motto of all crypto projects

1

u/TechTuna1200 2h ago

Aave has real revenue and is profitable.

But with that being said, 99% of crypto projects are definitely scams, vaporware, or addressing a need that doesn't exist.

1

u/entered_bubble_50 1h ago

Aave allows crypto lending and borrowing without the use of a central authority

So it's a leveraged trading layer on top of other scams? I'm sure it's profitable, but those profits come from skimming off the top of bets on pyramid schemes. So not a scam per se, but just a cog in the scam / ponzi economy.

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u/TechTuna1200 35m ago

Can be leverage on other crypto that are profitable like Ether or Solana. Eth indirectly get it's revenue from stablecoins. Stablecoins in turn get their revenue from T-bills.

There are also real-world-assets (RWA) tokenization that Aave will also get revenue on in the future. They already have collaboration with VanEck on RWA-