Why are crypto devs so greedy

[Ayers]

It's the ways of the world, that's the answer. Human greed is an element in any venture, whether crypto or non-crypto, not just devs. So if have an upcoming project, always watch it closely, and keep your coins closer

Yeah, don't try to blame the developers when we ourselves are doing the same thing, we are just as greedy as them. When participating in a project, our goal is only to buy low and sell high and so are they. It can be said that the market is like a game where whoever is quick will win. The market is extremely fierce, no one will lose to anyone, there will be no game where both will win.

[Yamifoud]

It's the ways of the world, that's the answer. Human greed is an element in any venture, whether crypto or non-crypto, not just devs. So if have an upcoming project, always watch it closely, and keep your coins closer

Yeah, don't try to blame the developers when we ourselves are doing the same thing, we are just as greedy as them. When participating in a project, our goal is only to buy low and sell high and so are they. It can be said that the market is like a game where whoever is quick will win. The market is extremely fierce, no one will lose to anyone, there will be no game where both will win.

Besides they become greedy because they themselves that they can do it with the help of greedy investors as well.
Of course, they are doing this to make a profit and sad thing is that people never understand their side and will then just say they are greedy. Because I was also a project developer, I will never hesitate to do the same thing because that is the reality when it comes to business. It could be sorry for those who can't accept, they might wanted to become more greedy than these developers.

[Slow death]

The majority of crypto collapse always comes from the centralisation part and of cos the human greed, what do you think is the proper solution for these? To avoid hurting crypto investors and how to guarantee that their funds is safe with any platform, either Staking, Lending or Trading.

most people are greedy, they think about becoming rich and having mansions, yachts, traveling to the most beautiful and expensive places, so when they sit in their basement and start creating an altcoin they have this greedy thought and to To make matters worse, naive people are fooled that they are creating a revolutionary project, and people believe in it and invest a lot of money, when the project is launched and the creator of the altcoin starts to give news on twitter and he always starts to be lazy to develop the project but he is always traveling and lying that he travels to get partnerships, it makes me laugh a lot as many people keep believing these lies, years go by and the project is the same and people give up on the project but the owner of the project is rich

What is the way forward? What solution do you think will be effective?

people have to stop believing in any project, this is the first step, the second they need to look at what the project creator has done great in the past, this is the only way to measure if the project creator is a person who starts something and ends or it is a person who starts something and does not finish, third step people should not be too optimistic and create illusions about the project, they need to analyze everything the project creator does and be quick to jump ship when the project dont WALK

[bitgolden]

Besides they become greedy because they themselves that they can do it with the help of greedy investors as well.
Of course, they are doing this to make a profit and sad thing is that people never understand their side and will then just say they are greedy. Because I was also a project developer, I will never hesitate to do the same thing because that is the reality when it comes to business. It could be sorry for those who can't accept, they might wanted to become more greedy than these developers.

I understand that greed could play a big part of this, but at the end of the day there is a smart greed and a stupid greed. Like let’s assume that you have 6 billion dollars of customers funds with you, would you spend all 6 billion to buy companies and make more profit?

Or would you spend like maybe 200-300 million dollars, which is still a ton, and buy some companies and nobody would even know that you spent their money? At that point people could withdraw 5 billion dollars, even 5.5 billion dollars and they still wouldn't know. This is why having stupid greed and not understanding finances is a bigger issue than just regular smart greed where you just want more money.

[Ayers]

It's the ways of the world, that's the answer. Human greed is an element in any venture, whether crypto or non-crypto, not just devs. So if have an upcoming project, always watch it closely, and keep your coins closer

Yeah, don't try to blame the developers when we ourselves are doing the same thing, we are just as greedy as them. When participating in a project, our goal is only to buy low and sell high and so are they. It can be said that the market is like a game where whoever is quick will win. The market is extremely fierce, no one will lose to anyone, there will be no game where both will win.

Besides they become greedy because they themselves that they can do it with the help of greedy investors as well.
Of course, they are doing this to make a profit and sad thing is that people never understand their side and will then just say they are greedy. Because I was also a project developer, I will never hesitate to do the same thing because that is the reality when it comes to business. It could be sorry for those who can't accept, they might wanted to become more greedy than these developers.

People tend to blame others when they fail but if in case they sell things sooner and make a profit then they assume they did the right thing and there is no fault here. I believe that investors just because there is no chance to become a developer if there is an opportunity to create a project or exchange, I am sure they will also tend to find a way to get money from other investors. That is the nature of the market, the fierceness of business, money cannot be generated and divided equally by everyone. To get profit, we have to become strong and compete for money from others.

[ScamViruS]

The majority of crypto collapse always comes from the centralisation part and of cos the human greed, what do you think is the proper solution for these? To avoid hurting crypto investors and how to guarantee that their funds is safe with any platform, either Staking, Lending or Trading.

What is the way forward? What solution do you think will be effective?

Since you are investing it also has a purpose, means you are investing with the purpose of profit. This means you are also greedy! There is no such thing as a completely secure platform that guarantees they won't do dirty work. When the crypto market started to dump, the crypto projects collapsed and now some people inside the project team are doing these activities. If proper laws are not implemented, these actions continue and Devs come up with new ideas and gain trust from the market and take money.

[Rengga Jati]

The majority of crypto collapse always comes from the centralisation part and of cos the human greed, what do you think is the proper solution for these? To avoid hurting crypto investors and how to guarantee that their funds is safe with any platform, either Staking, Lending or Trading.

What is the way forward? What solution do you think will be effective?

What else to ask? Of course, they want to get a lot of money in this crypto industry. Because they always think that the crypto business is one of the easy ways to earn money. Maybe it can be explained with just a few polished concepts outlined in a project, making it very convincing, and making various promotions so that it becomes hype. And finally, they get a lot of investors. Getting a lot of investors means they get a lot of money. Here they might just focus on getting the money so afterward, they won't even care what happens to the project. Indeed there are some who still care and struggle, however, the crypto market is also sometimes very cruel so if they are not able to survive, they will fail very easily. It's not only about greediness, but also about many business-related things and games.

[AmoreJaz]

The majority of crypto collapse always comes from the centralisation part and of cos the human greed, what do you think is the proper solution for these? To avoid hurting crypto investors and how to guarantee that their funds is safe with any platform, either Staking, Lending or Trading.

What is the way forward? What solution do you think will be effective?

What else to ask? Of course, they want to get a lot of money in this crypto industry. Because they always think that the crypto business is one of the easy ways to earn money. Maybe it can be explained with just a few polished concepts outlined in a project, making it very convincing, and making various promotions so that it becomes hype. And finally, they get a lot of investors. Getting a lot of investors means they get a lot of money. Here they might just focus on getting the money so afterward, they won't even care what happens to the project. Indeed there are some who still care and struggle, however, the crypto market is also sometimes very cruel so if they are not able to survive, they will fail very easily. It's not only about greediness, but also about many business-related things and games.

as we can't change these so-called greedy devs, the responsibility lies on the user himself. don't get tempted with too-good-to-be-true offers. also, these people are continuously doing their schemes because there are gullible people who take the bait of their offers again and again. if people will be more cautious throwing money to these projects, i guess these devs will stop their fraudulent projects.

[Wakate]

The majority of crypto collapse always comes from the centralisation part and of cos the human greed, what do you think is the proper solution for these? To avoid hurting crypto investors and how to guarantee that their funds is safe with any platform, either Staking, Lending or Trading.

What is the way forward? What solution do you think will be effective?

I don't think mostly 8s because they are greedy. You know when the team is not as strong as possible, things always go wrong which is very certain. Most time it is when the team are having some serious issues that things went out of hand leading to crash of the market. We need to be very careful or we may become a consistent victim of this.

I only recommend Bitcoin as the most safe coin ever because of it decentralization and other factors that make it suitable for investment. If we have large holding of Bitcoin I'm our portfolio, I don't think we can fall into this kind of consistent crash of most crypto projects.

[raidarksword]

Greed is the first enemy of people wherein money can really change the people's mind, attitude and traits when money is involved. With greed in crypto industry, people intended to scam people especially from crypto developers. So, that's why always DYOR in any crypto projects and always invest what you can afford to lose.

[Silberman]

as we can't change these so-called greedy devs, the responsibility lies on the user himself. don't get tempted with too-good-to-be-true offers. also, these people are continuously doing their schemes because there are gullible people who take the bait of their offers again and again. if people will be more cautious throwing money to these projects, i guess these devs will stop their fraudulent projects.

The market of cryptocurrencies is very similar to the Wild West, what I mean by this is that we cannot rely on anyone else but ourselves in order to protect our money, and we see evidence of this all the time, after all how many times we have seen developers scamming millions of dollars out of their investors and nothing happens to them, only when the scam reaches a huge size governments do something about it, as it is the case of the FTX exchange, but other than that we need to do our best protect ourselves, and one way to do so is by avoiding developers which only care about the money their project collects.

[o48o]

Banks are actually not different from a centralized exchange so it's weird that you are now cautious of using a cex but now more confident in storing money in your bank account. It only look like banks are more secure than any other cex it's because you can see them in the real world and most of them are already there even before but they can still be able to freeze your account for some reasons or they themselves can go bankrupt later on.

There are many banks like that, who are being reported though in the past. I hope this will now open your eyes and also to the users that will read this. Full decentralization is always the way to go.

Difference being, banks get bailed out by governments. But on some level you are right banks being same, at least from now on, because of the currect cluster of trainwrecks, CEXes will get tougher regulations coming. And they will be more trigger happy to freeze your account from now on in fear of sanctions of not complying.

I don't exactly know what you mean by full centralization, but that implies no fiat ramp and no backed stable coins. Taking fiat money out of the picture will remove most of the institutional investors and reduce the whole crypto marketcap next to zero. Because if you are unable to

And before you say cash and p2p, google FATF travel rule to see what's coming.

[Lambe Ndumble]

Factors that make greedy people are lust that never stops and only death can stop these lust, it is impossible for humans to be satisfied with what they have, the key to not greedy is always grateful, people who are greedy life will never be happy and always scared if The wealth is reduced.

[blockman]

Greed is the first enemy of people wherein money can really change the people's mind, attitude and traits when money is involved. With greed in crypto industry, people intended to scam people especially from crypto developers. So, that's why always DYOR in any crypto projects and always invest what you can afford to lose.

And those that have experience in scamming people, they'll tend to do it again when they've successfully scammed a lot of people with the first project that they've done.
It's so sad to see that there will always be a victim of these scams because many are still not aware of the tactics that they do. We can avoid them easily but many can't because they really are the target of these con artists. It's an easy money for the devs and that's making them greedier everytime someone falls to their scam.

[Wahyuihib]

Isn't it clear that exchange With a centralized system there is control.  In my opinion, the best solution is to always move the assets that we have if the amount is more than what we have determined.  Maybe in this way reduce the risk of too big a loss

[Oasisman]

Factors that make greedy people are lust that never stops and only death can stop these lust, it is impossible for humans to be satisfied with what they have, the key to not greedy is always grateful, people who are greedy life will never be happy and always scared if The wealth is reduced.

Well, greediness is a human nature, everyone has it's own level of greediness and the most obvious evidence for it, is the continued growth of technology while destroying the nature all at the same time.
Now, the most greediest person are those who are involved in money making investments like crypto currency and other investment markets.
So, it's not gonna be a big surprise if we see several devs who are consistently scamming people because WE are all greedy and always want to have the easiest way to make money.

[tvplus006]

...I only recommend Bitcoin as the most safe coin ever because of it decentralization and other factors that make it suitable for investment. If we have large holding of Bitcoin I'm our portfolio, I don't think we can fall into this kind of consistent crash of most crypto projects.

In this case, you need to focus on the proper storage of your coins. Otherwise, we may lose our bitcoins if we improperly ensure their security. It must be remembered that if you do not have access to a private key, then this is not your cryptocurrency. And in this case, the most reliable will be the bitcoin hold on a cold wallet.

[Eureka_07]

<snip>

Most of newly created projects in cryptocurrency does not have any intention to solve the problem that our blockchain currently has. A lot of developers/founders of these projects are just here to take profit. So with that, they tend to be more greedy.

[Victorik]

The majority of crypto collapse always comes from the centralisation part and of cos the human greed, what do you think is the proper solution for these? To avoid hurting crypto investors and how to guarantee that their funds is safe with any platform, either Staking, Lending or Trading.

What is the way forward? What solution do you think will be effective?

The bottom line is that because people who run the scam projects end up getting away scot-free and this is the more reason why it will persist.

As long as people know that they can always get away after committing a crime, they will devise means of scamming people.

Personally, their should be legislation in this regard to ensure that these criminals are adequately dealt with. I am sure it will serve as deterrent to others

[dlightag]

They is no safe platform for cryptocurrency stability, is a game of up and down stream, which has to do with a patient after investing on the coin, because, may be happen after staking coin may be on bullish  during the staking period and has not complete, which most platform has already lock the token and nothing you can do at that point, until do time of stake.