Ethereum: A number of hard forks turn out to be scams

I&#x27;m at the point where I just assume that if it is cryptocurrency, I assume the likelihood of being a scam is close to 100%.<p>I followed cryptocurrency just casually out of curiosity for awhile but the association between that and scams and crime and such are just so high I have to wonder if I&#x27;m alone or if there really eventually is a perception problem.<p>Obviously you could argue &quot;hey just money has that problem&quot; maybe, but for some reason I don&#x27;t make that association.

A number of Bitcoin hard forks are scams as well and a few of them are in the top 100 in terms of market cap.<p>The same thing could be said about airdrops.

I&#x27;m old enough to have been watching financial markets for about twenty years now, and in my opinion a great percentage of the &quot;cryptocurrency entrepreneurs&quot; running cryptocurrency scams aren&#x27;t really doing anything novel.<p>They just have new shiny tech bullshit to baffle people with. Twenty years ago they would be running pump-and-dump penny stock scams with Canadian small-cap mining stocks.

My hunch is that the only people buying into these obvious scams is other scammers. They look at it and think &quot;hey, I bet a bunch of people will fall for this. I&#x27;ll buy some first.&quot;.<p>But maybe I&#x27;m too naive =&#x2F;.

Hard Forks that end up spawning their own coins, (ie: continue to be mined under old consensus rules) are 100% scams. None of these are legit: Ethereum Classic, BCash, Bcash SV, MoneroV, Litecoin Cash. Never trust these -- at worst you can lose your money due to tx replays, fraud, pump-n-dump, etc.

That’s unfortunate. Many of my friends&#x2F;colleague now say that Cryptos per se are a scam

Being scammed is just one of many sacrifices one must make in the name of freedom, or, something.<p>Now if you&#x27;ll excuse me, I need to check my Dogecoin Wallet...

s&#x2F;number of hard forks turn out to be scams&#x2F;Scam&#x2F;<p>I&#x27;ve been saying that since their decision how to handle the DAO. The devs have a special vip() function that effectively allows a hard fork if the devs lose money. And that vip() is located on the updater on each ethereum miner&#x27;s machine.

A lot of people are saying that crypto is a scam because there are malicious actors in the industry. This claim is as far fetched as saying emails are a scam because Nigerian Princes want to wire you millions of dollars or that the Internet is a scam because some websites contain viruses.<p>Don&#x27;t let these small bumps distract from the greater picture and all the amazing work the developers at Ethereum, Bitcoin etc are doing.

Crypt has too many opportunists. It really is tragic because the technology is interesting. I do not see it the problem being fixed.

why are people surprised in 2019 about online scams and what&#x27;s different here?

The biggest and most successful hard fork scam was the one moving from what is now called Etherium Classic to what is now called Etherium.