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burntotoday at 11:04 AM1 replyview on HN

Yes it’s not technically a scam because it’s legal.

But it has scam smells: layering, misdirection, lock-in, very fine print, gamification, adjacent complex social media apparatuses.

I’d place it near MLMs, loot boxes, timeshares, robux, liquidity mining.


Replies

borskitoday at 3:33 PM

It’s not nearly as complicated as you make it out to be, and the literal point of what I posted is to try and simplify it.

An MLM or timeshare it is not.

Yes, it has gotten harder than it was a decade ago. But it is far from a “scam”