Why 99.99% of Crypto is a SCAM (Even on Bitcoin!)

If you want to learn how to avoid crypto scams, this video is for you.

In this investigative documentary, I expose the truth behind crypto scams and reveal how many so-called "decentralized" projects are anything but.

From interviewing project representatives in Hong Kong to uncovering the flaws in major cryptocurrencies like Ethereum and Solana, this video dives deep into the world of false promises, insider pre-mines, and centralized control.

I also explain how Bitcoin stands apart as a truly decentralized and trustless alternative.

A special thanks to Mr Wijers for the subtitles!!

Chapters:
0:00 Introduction: The "Get Rich Quick" Allure
1:01 Hello Hong Kong
1:40 What is a Scam Though? Meet Giacomo
2:18 Third Degree Scam (Theft)
3:05 Second Degree Scam (Almost Theft but Probably Fraud)
3:47 First Degree Scams
4:03 What is a Premine?
4:48 BitLayer's VC Rounds
6:22 The Jambo Token Rounds
7:45 Decentralized Code: Can it Change?
8:36 Ethereum and Solana are NOT IMMUTABLE
9:37 Is the Project Genuinely Useful?
11:20 Ad Break
11:38 Why Do Emerging Markets Need Web3?
14:16 How Do Crypto Projects Market Themselves?
15:36 Would You Trust the Founders?
17:00 It's Not All Fun and Games
18:14 What Happened to These Projects?
19:04 Conclusions

*Thank You for Watching!*

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[pglove]

I can’t figure out why you don’t have more subscribers. This was excellent, as always. Keep it up, hopefully you’ll be rewarded well for your efforts.

[meygavox]

Fiat = only the elite can print money.
Crypto = everyone can print money.
Bitcoin = no one can print money.
Choose wisely.

[IslamEditt]

The WORST is this coin:

- 27 trillion in circulation
- Unlimited supply cap
- Only 1 node
- 1% of holder own 30% of supply
- 40% of supply minted last 2-3 years
- 38 millions notes printed everyday
- lose atleast 5% of value each year
- in bear market since conception

Somehow known as the reserve currency of the world

Yeah its the USD ...

[EinfachNurMaggi]

The irony about this all: when this video was uploaded, just yesterday the Jambo coin was rugpulled and literally went to zero😂

[_datapoint]

The real scam is you don’t look like a Nakamoto! 😊At any rate, excellent show. The algorithm was good to me today today.

[JoeNakamoto]

Have you fallen victim to a crypto scam before? (be honest)
Personally, I got stung by Celsius and I lost money on a memecoin in the last cycle

[geoms]

The greatest trick Saylor ever pulled wasn't convincing institutions to buy Bitcoin. It was convincing Bitcoiners that institutional adoption was the goal all along.

But here's the plot twist: Maybe this was inevitable. Maybe every revolution eventually gets packaged, marketed, and sold back to the very system it was meant to replace. Maybe Saylor isn't the villain of this story – he's just the first one to figure out how the story always ends.

[tri-che-chus]

Amazing video, as always. Thank you so much!! 🚀🚀🚀

[werkmann]

Amazing production quality and content! Subbed

[Ov_Darkness]

BEAUTIFUL piece. Concise and to the point, sometimes it’s hard to dissect these scams to normies. Bitcoin only. 🤘🏻

[big_miike]

Fantastic doc Joe. You managed to pack a lot in, and clearly. God's work, ser

[COINETTI]

Amazing mini documentary, Joe. Thanks for your hard work!👍

[slackerjoe]

Awesome video exposing scams in the crypto space. It's scary how nice these people seem.

[railroader]

In the beginning getting into crypto is very exciting but it doesn't take long for that to turn into confusion and doubt. Just to many talking heads on the web pulling you in every direction at the same time. Thank you for exposing the underbelly of this industry.

[brianyarde]

This was very helpful and insightful. Thank you.

[meygavox]

SUGGESTION: Do what you love, and save IT in Bitcoin :)

[buck]

Outstanding reporting! You deserve a much bigger channel.

[gabrielgarcia-mssg]

I don’t trust Crypto. I have a friend borrowed 6000 to a Bank for investment and now is on stress with a lost of 70%. This is worsening to pay back 😕. Thanks for your info Man.

[lyd-lk]

I think we are all puppets in this space. We know it’s all feels wrong, stupid, untouchable but we do it anyway. Crypto is like buying a cat in seal box. A cat or a skunk?

[floxan]

Fantastic video once again. Especially loved the 70s esthetic!