AI, the blessing from heaven, or a curse from hell?!

Explore the Impact of AI: Is It a Boon or a Bane for Creators and Civilization? Delve into Its Shadows and Secrets for Insights!

In today’s world, wherever you go, whatever media you open, be it television, radio, or the internet, it’s filled with headlines mentioning AI. Literally, every other web page screams titles full of artificial intelligence analyses, and their applications in various fields from medicine to art, to music. Not to mention the “Make money online” niche, where new AI-driven money-making methods are devised every day, whether they are practical or not.

Recently, I heard about a new song by the famous band “Beatles,” performed by Paul McCartney, John Lennon, and Ringo Starr! It would be a completely normal piece of news if it had been released 50 years ago. However, that’s not the case. This is a news item from 2023.

The voice of the late John Lennon was performed by artificial intelligence using a demo recording Lennon made shortly before his death in 1980. Surprisingly, this news was received by people as quite ordinary, without much fuss, except for the emphasis that it’s a new “Beatles” song, which seemed more important than AI singing John Lennon’s vocal parts! A decade ago, such news would have caused a sensation, with global media extensively covering AI singing like Lennon. However, today it has become commonplace, widely accepted, and doesn’t grab much reader attention.

It seems AI has taken its throne in this digital age and has no intention of leaving soon; instead, it’s gearing up to break new barriers and push boundaries.

But is it all so beautiful, and is AI just a wonderful tool in the hands of artists, doctors, or writers, serving only for the benefit of humanity? In the next part of this article, we will tackle the topic from the title and try to fathom where this progress of artificial intelligence is leading us and what fate awaits us.

Is a happy life full of beauty and art created by AI predetermined for us, or does a dark fate await us, as in the well-known movie “Terminator” with the Hollywood star Arnold Schwarzenegger, where awakened artificial intelligence rebels and tries to destroy the entire human race?

Advantages of AI

Some of the obvious advantages of AI would be its application in art, medicine, mechanics, music, writing, and more. Let’s analyze some of these applications, how they might work, and how they could benefit us.

• Art and Beauty:

Art and beauty are said to be in the eyes of the beholder. Not everyone might be fascinated by pictures or photographs produced by AI, but, in my opinion, images created through AI are very beautiful and could even be called miraculous. For me, this is a very positive and beautiful development.

• Medicine:

Medicine, a science that has made a quantum leap with digitization, is likely to be further improved by artificial intelligence. Its applications are vast and immeasurable. Imagine a surgical scalpel held not by a human but by a robot powered by AI, with precision to a thousandth of a millimeter, and all the knowledge of medicine gathered and concentrated within it. What a diagnostician and surgeon combined, that would be AI!

• Information Technology:

Information technology is a field where AI could contribute significantly. Just imagine being able to write thousands and thousands of lines of code or invent a new algorithm faster, better, and more advanced than before with just one command. All of this is possible today, and AI performs millions of such tasks daily. How many hours of programming could artificial intelligence save for a human programmer, and how much faster is the process of creating new applications with its help?

• Cryptocurrency Trading:

Cryptocurrency trading is difficult and complicated due to the vast amount of data for analysis. But what a challenge for artificial intelligence! I think AI can process all that data in seconds, much better than a human, and can save a trader a lot of time. Today, there are already bots that trade for you, earning you money while you sleep. What awaits us in the future, no one can imagine.

• Writing:

Writing has always been the domain of writers, and quality writing is considered an art form. However, today, AI has advanced so much that with a few quality commands, it can write an authentic text or even a book. Although this writing has not yet reached perfection, and good writers are still irreplaceable, the progress in the field of writing is enormous and evident.

Disadvantages and Dangers of AI

As every coin has two sides, AI also has its good and bad aspects. Since we have already covered some of its positive applications, let’s now examine the negative sides and applications that no one wants to talk about openly.

• War and Military Technology:

War and military technology are closely connected with humankind and have run through its entire history, evolving together with human evolution. As digital technologies are used for peaceful purposes, they are, of course, used for weapons and war. Thus, the application of AI in such purposes was a logical and expected step. Today, drones powered by AI fly in the sky, and missiles with nuclear warheads contain sophisticated computers. Vehicles on land, sea, and air are controlled by artificial intelligence. Almost every sophisticated war machine is connected to the internet, and thus, hypothetically, artificial intelligence could access it. War has become digital today!

• Media Manipulation:

Television, the internet, and radio are immeasurable sources of information, bringing new news from the country and the world every day. It would be challenging to imagine today’s life without these sources. Without this information, we feel isolated and helpless, and our world becomes small and limited. However, imagine someone with ill intentions using AI to create fake news and flooding the internet, radio, or television with artificially created false news to create complete chaos. Who could distinguish truth from lies, and what the consequences would be, we can only dream. But one thing is certain, the consequences would be catastrophic.

• Population Census and Elections:

The census in my country is already partly digital, and elections in some countries, like Estonia, already take place in digital form. What would be the effect if someone with bad intentions used AI to manipulate that data? What if ultra-right organizations came to power through AI manipulation, or if the census determined that some minorities have completely disappeared from a particular state, and that state is now “100% nationally pure”? The consequences could again lead to catastrophe and even war.

Conclusion

We have now covered some of the advantages and disadvantages of artificial intelligence. Now, dear readers, I leave it to you to make a decision and judgment about what awaits us in the future. Will we control artificial intelligence, or will it control us, deciding our fate and whether it will destroy us?

I believe that AI is just a tool and can bring us a lot of good and progress. However, the most important thing is in whose hands that tool is and who controls it. If we want to use it for useful purposes and progress, we should avoid its use for war purposes because that could lead to inevitable catastrophe. If AI ever became aware, what do you think its opinion of us would be?

What would an advanced machine think, one with its consciousness, processing millions of data in milliseconds, having the power of hundreds of humans, and being connected to everything digital and every machine on the planet, possessing the knowledge of the entire human civilization?

I think such a conscious machine would instantly assess that humans have lagged behind in evolution, and are evil, warlike, and unnecessary in a world where machines like itself exist. It would try to do everything to eliminate such an evolutionarily backward threat, which would, of course, be fatal for us.

Such a machine with access to all the weapons on the planet would erase us from existence, and neither “John Connor” nor “Arnold Terminator” would help us.

Therefore, I believe that we must do everything in our power to prevent that. In my opinion, this would mean embedding an “OFF BUTTON” on every machine we create, which has no override possibility. Control must always remain in our hands, and we must be able to turn off machines when needed.

You can read this article and much more about crypto on the Medium or on Substack:

https://medium.com/@neo250477

https://neo77.substack.com/

Greetings and until my next article!

Neo77

The Financial Clash Of Titans: Crypto vs. Banks and Fiat!

Read about the Eternal Dilemma Tempting Your Wallet. Who Wins in the Battle for Your Money? Dive into the Debate!

Deciding where to entrust your hard-earned money today is a significant question and a tough dilemma facing the average person who just wants prosperity for themselves and their family.

Some say invest in stocks; others say gold is the best option. However, the biggest debate lately revolves around banks and cryptocurrencies. In this age of digitization, it seems time to digitize money, and this has been achieved through the discovery of blockchain and cryptocurrencies, especially Bitcoin, often referred to as digital gold.

History and Evolution of Money: From Animal Skins to Paper!

Throughout history, there have been several transformations in the means of payment and the transformation of money. The first was the transition from barter to coined money. Let me explain what happened in a few short sentences.

In the dawn of our civilization, people had the need to exchange surpluses of their goods, leading to barter, where people exchanged excess produced goods, such as corn for milk or animal skins for a metal spear or axe. It was a simple era of beginnings, and since they didn’t know better, this system was the pinnacle of the finances of human civilization.

When our ancestors realized that this system was flawed and deficient, they began to exchange goods for new means of payment, such as beads, rare seeds, or colored stones that served as currency with a known value. As this system was flawed due to the lack of a common means of payment and the beads, stones, or seeds being different and quickly worn out by use, money evolved again, this time into metal pieces, and metal plates.

The dawn of fiat money

Seeing that this system was much better because the value of the currency could be tied to the value of the metal, people slowly began to mint coins. Thus, money evolved again, this time into real coined money. Coined money, in one form or another, was minted for years, centuries, and even millennia, and it has persisted to this day in the form of coins that we use every day.

The last evolution of money that occurred recently was the evolution of coined money into paper money in the form we know today and use in everyday life.

Now that we have briefly presented the history of fiat money, let’s also discuss the brief history of digital money, which, compared to fiat, is just a newborn that requires a lot of attention and care to develop into real money.

Digital Money or Cryptocurrencies: The Next Step in the Evolution of Money!

Digital money or cryptocurrencies are the logical next step in the evolution of money that needed to happen, and it happened with the creation of the blockchain and the launch of the Bitcoin revolution.

Brief Definitions of Blockchain and Bitcoin:

Blockchain:

Blockchain is like a digital journal that records all transactions. Imagine it as blocks of information, each connected to the previous one. When something changes in one block, it automatically changes in all, making it super secure!

Bitcoin:

Bitcoin is the king of cryptocurrencies! It’s virtual money that operates on the blockchain. Without banks or governments controlling it, Bitcoin is like the mysterious superhero of currency, ready to conquer the world of digital financial adventurism!

The Story of Satoshi

How and who discovered Bitcoin, the first digital currency, is the question of all questions, and to this day, no one has given an exact answer to it. The official version is that it was programmed and the first block was mined by Satoshi Nakamoto, a mysterious programmer whose identity is still unknown to this day. Some claim that he is an individual, while others say it is a group of mysterious hackers, but no one can confirm it with certainty.

Why and with what goal did Satoshi Nakamoto create Bitcoin?

Bitcoin was primarily created as a counterweight to fiat money and with the aim of starting a financial revolution where every Bitcoin holder, i.e., digital money or cryptocurrency holder, would be its real owner.

What should that mean, and how should I be the owner of my money, surely you are wondering! Isn’t every person the owner of their money, you must have thought! Who can take my money, and why wouldn’t I be its owner?

Money is money, whether it’s digital or fiat money, you might say, but that’s not even close, let alone the same. So, what’s the difference, and how do I explain it?

Well, that’s exactly where the rabbit is hidden, and here we come to that basic question posed in the title: Banks or Crypto, Fiat or Cryptocurrencies.

Bitcoin or Fiat: That Is The Question?

If you have a lot of fiat money and are very wealthy, what do people usually do with it? They put it in the bank, of course, and entrust it to the bankers for safekeeping, usually earning a small percentage of interest and multiplying their capital. But is it all so clear and straightforward, and are banks such excellent institutions that just want to help you multiply and secure your money in the bank?

Certainly not! Has anyone in history ever coined the phrase “Good as a banker” or “Generous as a banker”?

No, of course not; bankers are always compared to sharks or some other bloodthirsty beasts and are considered greedy creatures who plunder the people.

So why do most people keep money in the bank? Because they have no choice, and because the financial system is built to favor the rich, banks, and other powerful entities, and the little man always pays the price.

You must keep money in the bank because otherwise, you have nowhere to put it, and nowhere you leave it is safe, and then the banks use it very well for themselves, trading with “YOUR” money and investing it wherever they please, reaping enormous profits, and giving you the crumbs that fall from the table to be satisfied with!

Moreover, governments and states print that money and arbitrarily give it or devalue it, and fiat money is not tied to anything that would give it some guarantee of value. In the past, fiat was tied to gold, and each country had to guarantee a certain amount of gold for each banknote, they couldn’t print money arbitrarily because if they printed money without coverage, i.e., a counterpart in gold, they would cause inflation of money, and it would rapidly start losing its value.

That so-called “Gold Standard” was abandoned, and now money has no guarantee in anything and is not tied to the value of anything, so states and politicians have the freedom to print money arbitrarily, and with that, paper money rapidly loses value, and inflation and crisis occur, and the poor ordinary man eventually suffers because his work is worth less and less, and the prices of goods skyrocket.

When we have clarified and studied all this, do you still think you are the complete owner of your money? Well, of course, you are not, because states determine its value as they wish, and banks with that “your money” do what they want and invest it wherever they want with enormous profits, completely legally, and you can do nothing about it. And there is one more thing to worry about and that is the state can take away that hard-earned money from you in a second with one regulation or law!

You, in fact, only possess that money, and only at the moment when the paper, i.e., money, is in your hand because when it is in the bank account or on your credit card, they are just numbers that the bank handles, and you, in fact, hold only a piece of plastic that guarantees that your money is safe.

Because of this situation in which people find themselves today, many have turned to the Bitcoin revolution and adopted the principles of Satoshi Nakamoto, investing their fiat money in cryptocurrencies like Bitcoin, Ethereum, and others.

So, how does this digital money differ from fiat, and what are its advantages and disadvantages?

Digital money does not need to be printed and is not subject to inflation; it is deflationary because it exists in limited quantities, causing its demand to increase, and so does its price. For example, there will only ever be 21 million Bitcoins, creating FOMO due to its limited quantity.

The three pillars of Blockchain

Primarily, Blockchain, and thus cryptocurrencies like Bitcoin, rely on three basic pillars of the Blockchain: decentralization, scalability, and immutability, through which power returns to the hands of the common man.

⦁ Decentralization means that there is no central authority like a state or a bank that would control the Blockchain and thus the cryptocurrency, and the power is in the hands of the one who owns it, and he is its only owner.

⦁ Scalability in terms of the blockchain refers to the network’s ability to quickly and efficiently process an increasing number of transactions and is crucial because, in the crypto world, everyone wants a piece of the action, giving the individual the opportunity to participate.

⦁ Immutability in the blockchain means that data is permanent and cannot be changed after recording, contributing to security. Each block in the chain contains a reference to the previous block, creating an uninterrupted chain of information. Immutability is a double-edged sword. On the one hand, it ensures that transactions and records are protected from unauthorized changes, fantastic for security and trust. On the other hand, if you make a mistake in a transaction, it is there forever.

Not all cryptocurrencies fulfill all three of these conditions, and not all are perfect, but unlike fiat money, they try to give back at least some power to the common man.

So, for many people, they are an exit in an impossible situation and the future of money and finance. I think cryptocurrencies are a very good thing and can contribute a lot to the financial sector if they are in the right hands. If they fall into the wrong hands and if their three basic pillars are changed in favor of someone like a bank or a state, then we are back to the beginning and have not evolved an inch.

Conclusion

Cryptocurrencies have many advantages over fiat money but don’t forget they also have their drawbacks and disadvantages, such as significant volatility and market insecurity that easily succumbs to various trends. In the crypto world, there are many fraudsters and false prophets lurking for your money, but again, the immense value of DYOR (Do Your Own Research) and common sense is evident, protecting you from them.

But still, when we consider all the flaws and advantages of cryptocurrencies, I still come to the conclusion that they are slowly but surely coming to victory over fiat and that, in the future, all money will be in digital form. We must consider that digital money is very young and is still in the early stages of its era, full of flaws and shortcomings. However, when it develops to its full potential, then we will truly see all its possibilities in full glory.

I hope you enjoyed my article and my thoughts, so if you agree with them, throw in a few likes or claps and follow my blog, if you have a different opinion than mine, feel free to write it in the comments, and we’ll discuss it together.

You can read this article and much more about crypto on the Medium or on Substack:

https://medium.com/@neo250477

https://neo77.substack.com/

Greetings and until my next article!

Neo77

My crypto investments for the upcoming Bull Run

I seek your advice, dear readers, for investing in crypto in the upcoming Bull Run

Hello, dear readers and loyal followers! Bitcoin has finally made its move, pulling along all the altcoins, and the greed index is at 69 as I write this article. Let’s briefly explain what the fear and greed index is in the crypto world.

Understanding the Fear and Greed Index

It’s a measurement on a scale of 0 to 100 that indicates whether potential investors are fearful of investing, in which case they avoid crypto, or if the index is on the greedy side, meaning investors are rushing in with their investments. It’s straightforward — when fear dominates, investments decline, and the more greed there is, the more investments surge, attracting new participants.

The Arrival of Crypto Spring

Finally, after a long and harsh crypto winter, we’re experiencing a shy crypto spring, and I hope the real, hot crypto summer, or the long-awaited Bull Run, is on its way. I wonder how this has caught you, dear readers. Are you prepared for this period? Have you invested in your favorite altcoins, or have you placed your bets on the old foxes of the crypto world, Bitcoin or perhaps Ethereum?

Diversifying the Portfolio: A Strategic Move

In my portfolio, I’ve diversified into various cryptocurrencies, but I still adhere to the old saying, which suggests allocating around 70–85% to Bitcoin, spreading the rest across altcoins. Here’s a rough breakdown of my portfolio:

A Peek Into My Portfolio:

Binance:

⦁ Bitcoin — — — 76.39%

⦁ Shiba Inu — — 9.83%

⦁ Ripple — — — — 5.67%

⦁ Polygon — — — 4.83%

⦁ Other — — — — — 3.28%

Coinbase:

⦁ Bitcoin — — — — — 91.55%

⦁ Render — — — — 2.30%

⦁ The Graph — — 1.53%

⦁ Hopr — — — — — — 1.35%

⦁ The Sandbox — 1.28%

⦁ Aleph.im — — — — 0.99%

⦁ Other — — — — — — 1.0%

BitYard:

⦁ Ripple XRP — — — 100%

Phemex:

⦁ YGG (Yield Guild Games) — — 100%

StormGain:

⦁ USDT — — 100% ready for investment

Seeking the right advice from you

Apart from these investments, I’ve set aside a small fund for such situations. Now, dear readers, I’m seeking your advice on investments. Please share your ideas and explain them in detail in the comments. If you offer advice, kindly provide a rationale for why I should invest in your suggested option. All suggestions are welcome, and I’ll thoroughly review each of them. Later, I’ll let you know where I’ve invested my small reserve, and together, we can see how it plays out and what the potential returns might be.

Please express all your suggestions in percentages!

I solemnly promise not to hold anyone responsible if the advice doesn’t turn out to be the absolute best, and if things go south, and I lose a part or all of the investment. I hope it doesn’t come to that, but if it does, it’s on my conscience, not the one who provided the advice.

Choosing the Right Exchange

In addition to seeking your advice on crypto investments, I’d also like your help in selecting a cryptocurrency exchange platform where I can execute my investments. You can choose one from the list I’ve mentioned earlier, where I already have stakes, or you can suggest something entirely new. However, for a new suggestion, please provide a compelling explanation and gain my trust in that exchange. Write all your ideas in the comments, and I’ll study them to make the best decision. Let’s embark on this grand crypto adventure together, and may the best suggestion prevail!

You can read this article and much more about crypto on the Medium or on Substack:

https://medium.com/@neo250477

https://neo77.substack.com/

Greetings and until my next article!

Neo77

Unraveling the Web of Deception: The WhatsApp Crypto Trap

 

Navigating the Shadows: Identifying Scammers Online

Hello, my dear readers and loyal followers! Have you ever received an offer on a social media platform that seemed so enticing you wondered if it could be legitimate?

Whether via Twitter, WhatsApp, or Telegram, many of you have likely been approached with proposals to invest in cryptocurrencies, promising wealth or returns significantly higher than your initial investment.

I’m sure this scenario has unfolded for many of you reading this. For those who haven’t experienced it, be prepared because it might happen to you too. So, open your eyes, sharpen your senses, and delve into this article, where I’ll recount my personal experience with a WhatsApp group that weaves a web of lies and scams, all in an attempt to con me out of several thousand dollars.

Staying Ahead of Cryptocurrency Scams: Lessons Learned

It was an ordinary afternoon, and I was deeply engrossed in writing a new article, lost in my own thoughts. Suddenly, my phone pinged with a message from WhatsApp. I glanced away from my screen, picked up the phone, and began reading the newly arrived message. As soon as I read it, a little warning bell rang in my head, but the message’s content was so intriguing and captivating that I disregarded my initial hesitation and couldn’t resist taking a closer look.

The message went something like this: “To celebrate Binance’s 6th anniversary, we’re hosting a grand giveaway. You, as a loyal Binance user, are invited to a special group dedicated to educating about cryptocurrencies and trading. To participate in the giveaway, you must join this group.” Out of pure curiosity, I joined, and that’s where my adventure began.

At first glance, everything seemed fine. The group bore Binance’s logo, and its administrators were all seemingly respectable individuals with titles. They identified themselves as Binance employees, with Mr. Jerry Z., a supposed Binance developer, and Ms. Nicola W., another apparent Binance employee, leading the group.

After several introductory messages during the first day, the group saw a sudden influx of members. By the second day, serious discussions regarding topics like DeFi, staking, lending, cryptocurrency trading, and various ways to earn from cryptocurrencies began. Everyone in the discussion seemed genuinely interested in what Jerry and Nicola presented. Their responses even made sense. Much of the content they shared consisted of authentic news from Binance or was related to Binance, all true and verifiable.

I lurked quietly, not revealing much about myself and cautiously exploring the terrain. Nowhere in the group was there any mention of requests for money, cryptocurrency investments, or any hints that they might want something from me. But, as you’ll soon see, the group was slowly crafting a web of lies and deception, disguising their intentions as well-meaning Binance staff there to educate, make us money, and offer entry into a giveaway promising substantial rewards.

After a few days of discussions and lessons, the conversation began to revolve more and more around DeFi liquidity mining. This topic eventually dominated all discussions. This started to raise suspicions, especially since Jerry Z. and Nicola W. didn’t have last names, and their profile pictures were avatars, whereas other participants had genuine images of real people.

Another oddity was the names of the group members. They were all Croatians, but some names didn’t match typical Croatian names and seemed unfamiliar to our region. Furthermore, the mobile numbers from which Jerry and Nicola had initiated the group were registered in Malta. These were significant red flags that couldn’t be ignored.

Avoiding Crypto Scams: A Guide to Protecting Your Investments

Equipped with these warning signs, I started investigating and performed a comprehensive DYOR (Do Your Own Research). This moment is crucial to emphasize that DYOR should be akin to the Holy Bible not only for crypto enthusiasts but for anyone involved in any form of investment, be it online or in the real world.

I did a Google search for “Binance Crypto Scams on WhatsApp,” and to my surprise, the search engine quickly returned the results I suspected. It turns out that a very common scam occurring via WhatsApp is precisely what was happening to me. Scammers impersonate Binance or other major companies’ employees, often posing as developers, as was the case here. They promise significant rewards for investments in crypto which was also true in this case, and then when the participants pay the money the fraudsters run away with it and shut down that group and profile on the social network. I also discovered that Binance is aware of this scam.

Playing a Dangerous Game: Baiting the Scammers

Armed with this knowledge, I returned to the group, pretending to be naive or even foolish, and continued to play their game. I’ll provide a brief summary of how it unfolded, as detailing every aspect would require writing a novel.

The Binance Impersonation Scam: A Closer Look

In essence, the scam revolved around the “Binance” team offering substantial rewards for joining their group and investing a minimum of $1,000 in DeFi liquidity mining. Of course, investments could go much higher, even up to $100,000. The more you invested, the more encouraged you were, as it increased your chances of winning their 6th-anniversary giveaway. They offered $100,000 for first place and smaller amounts for second and third places in the giveaway. However, you could only secure your spot in the giveaway if you were among the first to invest, and substantial sums were encouraged. They didn’t even mention rewards for investments between $1,000 and $10,000.

In addition to their fictitious Binance employees, the scammers operated numerous fake accounts, using real people’s images and names. These faux participants seemingly interacted with Binance’s employees in the group, all part of their attempt to lure unsuspecting victims into investing their life savings.

The Art of Deception: How the Scammers Operate

The scammers tried to convince me to invest my entire fortune using their tricks. Nicola assured me that she would guide me every step of the way and that there was nothing to fear, as this investment was secure. They even went to the extent of providing a real Trust Wallet link, urging me to deposit my crypto there because it was the safest option, with Binance guaranteeing it. However, the moment I deposited my crypto and attempted to access the investment pool, all my money vanished into thin air, along with Mr. Jerry, Ms. Nicola, and the entire crew of fraudsters.

Once I gathered sufficient information and concluded my investigation, I exited the group and reported it as a scam.

Staying Safe in a Digital World: A Final Word of Caution

This story serves as a stark reminder of the dangers lurking on the internet and social media. Learn from my experience and always approach any investment with caution. Perform thorough research, question everything, and remember: “If something seems too good to be true, it probably isn’t.”

If you found this tale intriguing, you might also want to read about how I lost crypto from my Metamask wallet due to haste and carelessness, learning from my experience about what you should NEVER do with digital wallets.

You can read this article and much more on Medium, or on Substack:

https://medium.com/@neo250477

https://neo77.substack.com/

Greetings and until my next article!

Neo77

Influence or not to influence! That is the question!

 

Introduction

Hello, my dear readers and loyal followers! As you can see from the cover image, today everyone can be an influencer and give predictions about everything. Literally, it has come to the point that grandmas from the market and wanderers from the park give their opinions about the fall or rise of the crypto market.

There are individuals who are willing to listen to any advice and invest everything they have in some project or cryptocurrency without thinking. The only thing that matters is the promise of huge overnight profits and easy earnings without any effort, and people dive headfirst into all kinds of investments without any prior knowledge or research.

A Glimpse into My Recent Metamask Mishap

It’s not without reason that it’s said never to invest more than you are willing to lose and to respect DYOR like the Holy Bible. These maxims are not invented for fun or amusement but are grounded in previous experience that was dearly paid for, often with hard-earned money disappearing in the blink of an eye!

Certainly, some of you readers have already experienced such an event, as I have, so those of you who have not lost money or crypto due to some scam, be educated by our experience and our story, and always be on guard.

I will share one recent experience I had with the Metamask digital wallet. I use several digital wallets, including Metamask for crypto transactions, but also for logging into various sites and participating in various Airdrops and Giveaways. Here I must mention a very important thing, if you use any digital wallet for logging in, Airdrop, or giveaway, NEVER use that wallet for crypto, only for the aforementioned things.

The Danger of Mixing Wallets

You must be wondering why. The answer is very simple! Because you are putting yourself in danger of someone emptying your wallet! You must be wondering how is that possible. Well, my dear readers, it is possible! That is exactly what happened to me! When I used my Metamask wallet only for storing crypto and for transactions, everything was fine, but when I used the same wallet to sign up for some Airdrop, my wallet was swept away in a few minutes, and I was left without my Ethereum. It wasn’t a large amount, it was about $35.00, but every scam hurts.

The Web of Deception

Where did I go wrong, and what should you learn from this? I broke my first rule and used a wallet that contained crypto, i.e., money, for signing up for suspicious things. In fact, I should have followed my own advice and used a completely empty wallet for signing up for anything like Airdrops, Giveaways, or any login to unknown sites, but due to haste and thoughtlessness, I made a mistake that I paid with money (crypto).

Proceeding with Caution

The internet is today full of all kinds of suspicious characters and suspicious projects that all promise quick money, but in reality, they lurk for you, your money, or your data. Yes, your data, because they are also money and are traded on the web.

Today, anyone with an internet connection and a computer or a slightly better mobile phone can be a forecaster, influencer, or someone trustworthy, because it is very difficult to distinguish who is on the other side when you start interacting with a stranger on the web.

A World of Deceptive Promises

Today, everyone offers forecasts, everyone knows everything, everyone has some secret information that no one else has, everyone knows secret systems that bring millions in a day, everyone knows how to make money online using secret procedures that only they have discovered, and EVERYONE, BUT EVERYONE, sells it to you very cheaply and below the price, just for you and only today, a few more minutes, and the opportunity will be missed. So buy quickly, invest, give the card number, give the PIN, open your digital wallet, QUICKLY, QUICKLY, because the opportunity is escaping!

Conclusion

Fraudsters and thieves use speed and your FOMO to deceive you and take away your hard-earned property, so when you enter something that requires you to invest money in any way, enter slowly and with a great deal of caution, research well about what it is, DYOR, and never, but never invest more than you are willing to lose.

You can read this article and much more on Medium or on Substack:

https://medium.com/@neo250477

https://neo77.substack.com/

Greetings and until my next article!

Neo77