People getting scammed left and right by this $DJT token and its insane pools

Another instance

Another

State of web3

Have made long posts before about the retardation in the coding of wallets that causes this

But at this point, whatever

State of web3

Looking likely there’s something horribly broken with some of the swapping calculators rn

Or more specifically, that they’ve always been doing the calculations horribly wrong, and now here’s a coin that finally exploits that

What to think is you’re a monumental retard bro,

sending people right into a death trap

State of web3

Rugcheck for this supposed $DJT token

Web3 influencers reaching new levels of retardation each day

Martin Shkreli hyping the fake af $DJT

State of web3

Is $DJT real?

Prediction markets saying no way.

Supposedly the $DJT token has been used to steal $32M+ from people who try to buy it,

and this is the wallet where the bulk of it is ending up,

Working to confirm

Shkreli continuing to tweet out that $DJT is real

Others saying Shkreli has a history of pulling crypto scams and then claiming he was hacked. (Not sure if true, will have to look into that)

State of web3

Bubblemaps’ take on it,

Though tbh that’s a garbage argument,

Both legit and scam projects are known to self-snipe to many wallets.

That alone means nothing.

But that’s the only hammer Bubblemaps sells so of course they’ll focus on that.

Not so useful.

Pascal's Wager scam

Expected value is roughly

probability * value

Problem is, there’s zero cost for the scammer to claim the value to be arbitrarily high, easily overwhelming the probability half.

So for retards who arbitrily translate “low chance” into something like 1% chance — trivial for a scammer to overwhelm that just by claiming the thing has a gigantic payoff if true.

(This isn’t actually the name of the scam, and AFAIK it may not have any name coined for it, but very common statistical scam.)

More of this Paul Graham copypasta BS