HackMD
  • Prime
    Prime  Full-text search on all paid plans
    Search anywhere and reach everything in a Workspace with Prime plan.
    Got it
      • Create new note
      • Create a note from template
    • Prime  Full-text search on all paid plans
      Prime  Full-text search on all paid plans
      Search anywhere and reach everything in a Workspace with Prime plan.
      Got it
      • Sharing Link copied
      • /edit
      • View mode
        • Edit mode
        • View mode
        • Book mode
        • Slide mode
        Edit mode View mode Book mode Slide mode
      • Note Permission
      • Read
        • Only me
        • Signed-in users
        • Everyone
        Only me Signed-in users Everyone
      • Write
        • Only me
        • Signed-in users
        • Everyone
        Only me Signed-in users Everyone
      • More (Comment, Invitee)
      • Publishing
        Everyone on the web can find and read all notes of this public team.
        After the note is published, everyone on the web can find and read this note.
        See all published notes on profile page.
      • Commenting Enable
        Disabled Forbidden Owners Signed-in users Everyone
      • Permission
        • Forbidden
        • Owners
        • Signed-in users
        • Everyone
      • Invitee
      • No invitee
      • Options
      • Versions and GitHub Sync
      • Transfer ownership
      • Delete this note
      • Template
      • Save as template
      • Insert from template
      • Export
      • Dropbox
      • Google Drive
      • Gist
      • Import
      • Dropbox
      • Google Drive
      • Gist
      • Clipboard
      • Download
      • Markdown
      • HTML
      • Raw HTML
    Menu Sharing Create Help
    Create Create new note Create a note from template
    Menu
    Options
    Versions and GitHub Sync Transfer ownership Delete this note
    Export
    Dropbox Google Drive Gist
    Import
    Dropbox Google Drive Gist Clipboard
    Download
    Markdown HTML Raw HTML
    Back
    Sharing
    Sharing Link copied
    /edit
    View mode
    • Edit mode
    • View mode
    • Book mode
    • Slide mode
    Edit mode View mode Book mode Slide mode
    Note Permission
    Read
    Only me
    • Only me
    • Signed-in users
    • Everyone
    Only me Signed-in users Everyone
    Write
    Only me
    • Only me
    • Signed-in users
    • Everyone
    Only me Signed-in users Everyone
    More (Comment, Invitee)
    Publishing
    Everyone on the web can find and read all notes of this public team.
    After the note is published, everyone on the web can find and read this note.
    See all published notes on profile page.
    More (Comment, Invitee)
    Commenting Enable
    Disabled Forbidden Owners Signed-in users Everyone
    Permission
    Owners
    • Forbidden
    • Owners
    • Signed-in users
    • Everyone
    Invitee
    No invitee
       owned this note    owned this note      
    Published Linked with GitHub
    Like BookmarkBookmarked
    Subscribed
    • Any changes
      Be notified of any changes
    • Mention me
      Be notified of mention me
    • Unsubscribe
    Subscribe
    # Two Minute Crypto – Something is Rotten in Crypto - The Influencers ![](https://i.imgur.com/PkdHgLL.jpg) Please [click the link to listen to the 69th episode](https://anchor.fm/the-two-minute-crypto-podcast/episodes/Two-Minute-Crypto--Something-is-Rotten-in-Crypto---The-Influencers-eajmsu of my weekly crypto podcast ‘Two Minute Crypto.’ These are intended to be short, single-topic ramblings on some aspect of the cryptosphere. Consider dropping a like and or a review on iTunes or Podbean if you enjoy the podcast. Comments and critiques welcome. --- ## Podcast Links <iframe src="https://anchor.fm/the-two-minute-crypto-podcast/embed/episodes/Two-Minute-Crypto--Key-Concepts-13---What-is-DeFi-eacrha/a-a1pvsb" height="102px" width="400px" frameborder="0" scrolling="no"></iframe> or ## https://anchor.fm/the-two-minute-crypto-podcast/episodes/Two-Minute-Crypto--Something-is-Rotten-in-Crypto---The-Influencers-eajmsu --- # Transcript ## Something is Rotten in Crypto -The Influencers To quote [Oscar Wilde](https://www.brainyquote.com/authors/oscar-wilde-quotes) > Most people are other people. Their thoughts are someone else's opinions, their lives a mimicry, their passions a quotation. Welcome to Two Minute Crypto this week deals with the rotten core of the crypto ‘news’ industry – the influencers. Crypto as a new asset class has had to forge its own infrastructure from wallets to website sites. While this has been an incredibly exciting period of development and iteration the space has attracted more than its fair share of fraudsters and manipulators. This is nothing new, charlatans and con-men of all ilk’s stalk each and every aspect of life; from cures to cancer to the will of the almighty there’s always someone more than happy to show you the way…for a fee. Now a fair fee for a fair service is entirely reasonable and a core aspect of any functioning market but what I’d like to highlight here is how rare it is to encounter that balance in crypto. --- What is meant by the term Influencer? For the purposes of his podcast, an influencer is someone who by their follower clout holds sway in the crypto industry. Their reviews bring revenue, their praise investors and their scorn capital flight. Most of them are to be found on YouTube with subscriber figures north of 100k. Small by YouTube standards but highly significant in these early days of crypto. The issue stems from the fact that many, if not most, of these individuals, regularly indulge in disingenuous practices that at best show scant regard for their viewers and at worst, amount to outright fraud. Rather than call-out a name or two these are the tells of a compromised influencer. **Leverage Trading Affiliate Links** An affiliate link to leverage trading or a short course on said training is a clear red flag. Leverage trading is a professional trader’s tool and even then used sparingly. It is absolutely not suitable for the average retail investor or trader. Influencers are well aware of this and few if any actually regularly leverage trade themselves. What they do often do, however, is encourage their viewers to do so. They may hide behind warnings not to overleverage and so on but they are fully aware that once ensnared in leverage trading most people end up fully liquidated. **Sponsored Content** Reviewing projects without disclosing that the content is sponsored. This is a clear violation of the trust crypto enthusiasts put in their opinion. In some cases, favourable reviews are posted without any reference to sponsorship in many other cases an admission of sponsorship is buried somewhere in the details tab. **Random Project Promotion** A random positive comment on a project embedded in unrelated content is another common practice. Pernicious and at first difficult to spot but exceptionally common and once you become aware of it, easy to pick up on. Fifteen minutes of faithful analysis of Bitcoin with a sudden short aside on the virtues of this new XYZ project that is really making waves – this is a huge red flag. **Click-bait Titles** Hyperbolic titles – if the headline is bait, so too is the content. Nevermind the blame heaped on the YouTube Algorithm – these folks are happy to mislead you in order to get you in – it follows they are more than happy to continue to do once they get you there. **Lastly..** They profess love for you…. --- If you now return to your YouTube subscription list and cast a critical eye over your current crop of crypto themed subscriptions you may find more than a few of them exhibit these compromised traits. Does this require you to unfollow them - well no. Sadly, at this early juncture of crypto, it is very difficult to remain up to date with crypto while only following a few honest men such as Brad Laurie or Crypto Bobby. It’s a necessary evil to drink from the tainted well of some of these influencers as they often pull in the big interviews and lack of integrity aside, many of them do display a firm understanding of the cryptosphere. Podcasting is one area where influencers seem to be much more forthright from Unchained to What Bitcoin Did to Everything EOS – they wear their allegiance as a badge of honour. Nonetheless, even in that space, the content can be swamped by frequent and in some cases, irresponsible, advertising (gushing promotion of DeFi services etc.). In time a more dependable crop of Influencers may emerge – then again as the rewards grow so too does the temptation. Stay engaged but sceptical. Thanks for listening. --- Also published on [TIMM](https://mentormarket.io/cryptocurrencies/cryptos-decrypted/two-minute-crypto-something-is-rotten-in-crypto-the-influencers/). ![](https://i.imgur.com/wSivzhq.png)

    Import from clipboard

    Advanced permission required

    Your current role can only read. Ask the system administrator to acquire write and comment permission.

    This team is disabled

    Sorry, this team is disabled. You can't edit this note.

    This note is locked

    Sorry, only owner can edit this note.

    Reach the limit

    Sorry, you've reached the max length this note can be.
    Please reduce the content or divide it to more notes, thank you!

    Import from Gist

    Import from Snippet

    or

    Export to Snippet

    Are you sure?

    Do you really want to delete this note?
    All users will lost their connection.

    Create a note from template

    Create a note from template

    Oops...
    This template is not available.


    Upgrade

    All
    • All
    • Team
    No template found.

    Create custom template


    Upgrade

    Delete template

    Do you really want to delete this template?

    This page need refresh

    You have an incompatible client version.
    Refresh to update.
    New version available!
    See releases notes here
    Refresh to enjoy new features.
    Your user state has changed.
    Refresh to load new user state.

    Sign in

    Forgot password

    or

    By clicking below, you agree to our terms of service.

    Sign in via Facebook Sign in via Twitter Sign in via GitHub Sign in via Dropbox

    New to HackMD? Sign up

    Help

    • English
    • 中文
    • Français
    • Deutsch
    • 日本語
    • Español
    • Català
    • Ελληνικά
    • Português
    • italiano
    • Türkçe
    • Русский
    • Nederlands
    • hrvatski jezik
    • język polski
    • Українська
    • हिन्दी
    • svenska
    • Esperanto
    • dansk

    Documents

    Tutorials

    Book Mode Tutorial

    Slide Mode Tutorial

    YAML Metadata

    Contacts

    Facebook

    Twitter

    Feedback

    Send us email

    Resources

    Releases

    Pricing

    Blog

    Policy

    Terms

    Privacy

    Cheatsheet

    Syntax Example Reference
    # Header Header 基本排版
    - Unordered List
    • Unordered List
    1. Ordered List
    1. Ordered List
    - [ ] Todo List
    • Todo List
    > Blockquote
    Blockquote
    **Bold font** Bold font
    *Italics font* Italics font
    ~~Strikethrough~~ Strikethrough
    19^th^ 19th
    H~2~O H2O
    ++Inserted text++ Inserted text
    ==Marked text== Marked text
    [link text](https:// "title") Link
    ![image alt](https:// "title") Image
    `Code` Code 在筆記中貼入程式碼
    ```javascript
    var i = 0;
    ```
    var i = 0;
    :smile: :smile: Emoji list
    {%youtube youtube_id %} Externals
    $L^aT_eX$ LaTeX
    :::info
    This is a alert area.
    :::

    This is a alert area.

    Versions

    Versions and GitHub Sync

    Sign in to link this note to GitHub Learn more
    This note is not linked with GitHub Learn more
     
    Add badge Pull Push GitHub Link Settings
    Upgrade now

    Version named by    

    More Less
    • Edit
    • Delete

    Note content is identical to the latest version.
    Compare with
      Choose a version
      No search result
      Version not found

    Feedback

    Submission failed, please try again

    Thanks for your support.

    On a scale of 0-10, how likely is it that you would recommend HackMD to your friends, family or business associates?

    Please give us some advice and help us improve HackMD.

     

    Thanks for your feedback

    Remove version name

    Do you want to remove this version name and description?

    Transfer ownership

    Transfer to
      Warning: is a public team. If you transfer note to this team, everyone on the web can find and read this note.

        Link with GitHub

        Please authorize HackMD on GitHub

        Please sign in to GitHub and install the HackMD app on your GitHub repo. Learn more

         Sign in to GitHub

        HackMD links with GitHub through a GitHub App. You can choose which repo to install our App.

        Push the note to GitHub Push to GitHub Pull a file from GitHub

          Authorize again
         

        Choose which file to push to

        Select repo
        Refresh Authorize more repos
        Select branch
        Select file
        Select branch
        Choose version(s) to push
        • Save a new version and push
        • Choose from existing versions
        Available push count

        Upgrade

        Pull from GitHub

         
        File from GitHub
        File from HackMD

        GitHub Link Settings

        File linked

        Linked by
        File path
        Last synced branch
        Available push count

        Upgrade

        Danger Zone

        Unlink
        You will no longer receive notification when GitHub file changes after unlink.

        Syncing

        Push failed

        Push successfully