Everyone’s still pretending crypto is this utopia where you don’t have to trust anyone—just “trust the code,
[ Saqib Saeed (MBA) fINANCE ] Opinion
Honestly, that’s a load of nonsense these days. You’d think after FTX’s meltdown and all those sketchy “rug pulls” (seriously, if I had a dime for every time someone hyped a coin and vanished...) people would stop acting surprised. But nah, we keep seeing the same old circus. It’s like déjà vu, but with more Discord scams.
Crypto was supposed to be about freedom from shady middlemen. Now? You have to trust influencers who barely know what they’re talking about, developers who may or may not be working from their mom’s basement, and exchanges that sometimes just... disappear. And every time there’s another blow-up, some genius on Twitter insists it’s just “one bad apple.” Sure, buddy. Tell that to the people who lost their savings.
Let’s be real—the problem isn’t just a couple of fraudsters. The whole scene is allergic to accountability. Regulators can’t keep up, and “self-regulation” is basically just a fancy way of saying, “We’ll pretend to care until the next headline rolls in.” Meanwhile, the average person is left trying to decode jargon and spot the next scam before it bites them. Sink or swim, baby.
What crypto actually needs? Not another meme coin. Not another cringe NFT project. Just some honesty, please. Admit that trust matters—even if your whitepaper says otherwise. Maybe stop worshipping every loudmouth with a bored ape avatar. How about transparency that’s more than just a buzzword?
Until people face up to all this, the trust crisis isn’t going anywhere. It’s not some random glitch in the system—it’s basically baked into the whole thing at this point. And pretending otherwise? That’s the biggest rug pull of all.
