> ## Content Index
> Fetch the complete content index at: https://www.bramadams.dev/llms.txt
> Use this file to discover other available public pages before exploring further.

# Crytpo is Full of Con Artists, Good Riddance
- URL: https://www.bramadams.dev/202212170120/
- Published: 2023-02-01T00:23:10.000Z
- Updated: 2023-02-01T00:23:10.000Z
- Author: Bram Adams
- Tags: crypto, vc-culture

> Lord give me the confidence of a disgraced South Korean cryptocurrency developer who just vaporized $45 billion ([View Tweet](https://twitter.com/nope%5Fits%5Flily/status/1530916056528654338?ref=bramadams.dev))

or SBF going on his media tour [literally days before his arrest](https://www.vox.com/the-goods/23507854/sbf-arrest-bahamas-ftx-wire-fraud-sec-cftc-sdny-why?ref=bramadams.dev)[\[1\]](#fn1)

> In a Twitter Spaces during the day on Monday, Bankman-Fried said, “I don’t think I will be arrested"…

> Adam Neumann is the cofounder of a company called Flowcarbon that just raised $70M.  
> This is the opening slide in their deck that describes what they do.  
> You guys, they are selling something called the Goddess Nature Token.  
> $70M.  
> This is not a shitpost.  

![](https://pbs.twimg.com/media/FTtBEHgVEAALjHS.jpg)

([View Tweet](https://twitter.com/ChrisJBakke/status/1529888432931020800?ref=bramadams.dev))

> Q2 2020: web3 is the future!  
> Q1 2021: half of web3 is a scam, but 50% is the future.  
> Q3 2021: 95% of web3 is a scam, but 5% is the future.  
> Q1 2022: lol okay 99% of web3 is a scam, but that 1%? The future.  
> Q2 2022: okay guys it’s literally all a scam, except for my project. ([View Tweet](https://twitter.com/ChrisJBakke/status/1533822057334468608?ref=bramadams.dev))

> Scott Minerd makes $30m per year as a chief investment officer.  
> He called Bitcoin at $600,000 last year, and then revised to $8,000 this week.  
> Dream job. ([View Tweet](https://twitter.com/ChrisJBakke/status/1529476095526830085?ref=bramadams.dev))

> If you recognize all four of these people [202301031424](https://bram-adams.ghost.io/202301031424?ref=bramadams.dev), then your portfolio is down 97% this year.  

![](https://pbs.twimg.com/media/FhDvSc7UcAAfQQ7.jpg)

![](https://pbs.twimg.com/media/FhDvqqBVEAAvUi8.jpg)

![](https://pbs.twimg.com/media/FhDvmhFUYAATaxa.jpg)

![](https://pbs.twimg.com/media/FhDvxKIVEAALxGf.png)

([View Tweet](https://twitter.com/ChrisJBakke/status/1590034325260886016?ref=bramadams.dev))

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one of the reasons i'm leaving austin is that i honest to god **hate** crypto, and it's all anyone talks about around these parts. it's exhausting. [↩︎](#fnref1)