Influencers, affiliate links and scams

peter0425

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Quote from: aoluain on January 17, 2023, 05:56:31 PM

I don't follow any influencers other than the likes of Michael Saylor on Twitter, if
he can be classed as an influencer.

I pay less than zero regard for anything others than Bitcoin, probably an exception
for Litecoin and Montero but outside those I don't care for them.

The way I see it is Influencers promote "crypto" not Bitcoin. They promote projects
which they themselves benefit from. It's sad that so many people can't see it?

and also links given are mostly one sided , there are even more advertising than the sole motive of letting us learn and earn.

and yes Scamming are mostly to happen or at least cheating or leaning us to other side of investments .
I don't also trust other influencer than those i already trusted.

uneng

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Quote from: coolcoinz on January 19, 2023, 01:23:37 PM

My bitcoin journey begun with this forum and a number of youtube channels about bitcoin. At first I was subscribing to most of them to show my appreciation for their work, but after a while it became obvious that most of them do it for the money, to get various sponsorships, using their audience like a guru is using his followers to work for him. They weren't giving anything to their audience, but trying to make the audience do things for them, like using referral links, buying coins they were recommending, paying for limited content. Also, they had no real content on their channels. It was all news from other social media like coindesk with their own comment on top and a more catchy title. It was always something big and exciting and in reality just another shitcoin with their own promo code.

Avoid these people like plague. You can easily recognize them by their explosive thumbnails. There's always a lot of exclamation marks and stupid headlines like
Is this over?
Is bitcoin done?
Crypto manipulation!
Warning to all holders!
Big pump incoming!
These coins will explode in 2023!

See something like that? Tell Youtube you don't want to see such content.

I would like to give you a merit for the post you wrote if I had any, because it really summarizes very well what has been happening on Youtube since many years ago. Right now, I'm having a hard time finding legit content on Youtube, because when I search something a lot of those "explosive thumbnails" videos displaying a youtuber surprised with his eyes wide open and the hands covering the mouth pop up all the pages long. They use misleading and catchy titles, which doesn't reflect the reality of the facts or the reality of the services they promote for referrals. That is what we call clickbait.

This is a big cons, because it becomes difficult and too time demanding to find what we are looking for and on which websites it worths to spend time, when looking for extra income online.

pawel7777

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Quote from: coolcoinz on January 19, 2023, 01:23:37 PM

My bitcoin journey begun with this forum and a number of youtube channels about bitcoin. At first I was subscribing to most of them to show my appreciation for their work, but after a while it became obvious that most of them do it for the money, to get various sponsorships, using their audience like a guru is using his followers to work for him. They weren't giving anything to their audience, but trying to make the audience do things for them, like using referral links, buying coins they were recommending, paying for limited content. Also, they had no real content on their channels. It was all news from other social media like coindesk with their own comment on top and a more catchy title. It was always something big and exciting and in reality just another shitcoin with their own promo code.

Avoid these people like plague. You can easily recognize them by their explosive thumbnails. There's always a lot of exclamation marks and stupid headlines like
Is this over?
Is bitcoin done?
Crypto manipulation!
Warning to all holders!
Big pump incoming!
These coins will explode in 2023!

See something like that? Tell Youtube you don't want to see such content.

To play the devil's advocate for a bit:
1 - They must've done something right, as you yourself admit they introduced you to Bitcoin.
2 - Creating good content takes a whole lot of time and effort. To be able to deliver good quality, well-research content on a regular basis, there must be some sort of compensation (aka income). Add revenue on YT vids is not as high as people might think and it's very easy for a video to get demonetized. So almost all content creators have to resort to other means of generating revenue (referrals, sponsorships, selling courses etc). That's not inherently wrong.
3 - The ugly truth about attention-grabbing thumbnails is that they work. We all know it's a cheap trick but we all fall for it. Your eye might not even register the presence of non-flashy, "honest" thumbnail if it's surrounded by attention-grabbing ones, that's a flaw in human psychology.

So to evaluate content creators, I'd be focussing on whether they have integrity, competency and if they deliver truly valuable content rather than just looking at the thumbnails they use or whether or not they use referral links etc.

coolcoinz

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My bitcoin journey begun with this forum and a number of youtube channels about bitcoin. At first I was subscribing to most of them to show my appreciation for their work, but after a while it became obvious that most of them do it for the money, to get various sponsorships, using their audience like a guru is using his followers to work for him. They weren't giving anything to their audience, but trying to make the audience do things for them, like using referral links, buying coins they were recommending, paying for limited content. Also, they had no real content on their channels. It was all news from other social media like coindesk with their own comment on top and a more catchy title. It was always something big and exciting and in reality just another shitcoin with their own promo code.

Avoid these people like plague. You can easily recognize them by their explosive thumbnails. There's always a lot of exclamation marks and stupid headlines like
Is this over?
Is bitcoin done?
Crypto manipulation!
Warning to all holders!
Big pump incoming!
These coins will explode in 2023!

See something like that? Tell Youtube you don't want to see such content.

Dr.Bitcoin_Strange

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Quote from: Merit.s on January 16, 2023, 03:32:05 PM

It is very surprising that celebrity are promoting scam project and forgetting that this might jeopardize their reputation. Anyway,for them to do this,I don't think that they care about their reputation and the welfare of their fans,but I see that they only care about themselves.

What happened is that the influencer or celebrity may not have had enough knowledge about crypto and in particular the project they intend to promote, but because they have seen the sum of money offered, they don't do much research about the project before going ahead with the promotion.

The most annoying thing is that they are so full of confidence when promoting some of those scam projects. They don't tell their audience to do due diligence research before engaging themselves with the project; they don't warn their audience about the risk factor—all because they just care about the payment they received.

Quote from: uneng on January 12, 2023, 06:09:37 PM

What do you think about these people? Do they have any responsabilities when promoting companies which turned into scam? Should they be held accountable for that? Is it right to profit over your audience's losses? And is there more responsability involved when it's an influent person promoting affiliate links, instead of random crypto enthusiasts sharing their links in social medias?

They have to stop giving full confidence like the project is their own; despite the payment they received, they tend to forget that they are not a team member of the project, so even if the project fails, they end up ruining their reputation because they are not on the project team but just an affiliate with them.

I think it depends on the country, but in my country, there is no law against paid promoters, but I think it should be introduced so that the celebrities and influencers also get dragged into the mud if the investment funds are racked.

Apocollapse

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What if those influencers and celebrities are make a contract if they're not responsible if any financial losses or the project turn become scam? of course they wouldn't face any legal action due to their contract, this is why agreement in white and black is really important when dealing any financial thing.

I know it's nothing new where the influencers or celebrities go to jail when they're promoting scam, but we as a citizen doesn't know anything with the case and the judge. You can't blame them without any proof of they would drag you to go jail due to defamation case.

uneng

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Quote from: darkangel11 on January 17, 2023, 11:43:01 AM

How can people watch these paid shills? There's no pleasure and no profit in it.
They are using you!

Regards Lark Davis I don't know how he managed to gather a large public, as I see nothing special about him. But Bitboy I believe it was because he boasts a networth of 28$ million dollars and a wealthy lifestyle, theoretically achieved through crypto investments, especially altcoins. And the public like this kind of people who are surrounded by tons of money and have an imposing speech, due to it sounding convincing.

Quote from: examplens on January 17, 2023, 05:51:46 PM

at the moment when the influencers promoted them, all of them were doing business legitimately. no one can blame them for that, In the end, I believe that not most of the influencer is directly involved in the "fraud" scheme itself.
it is something completely different if someone promotes an obvious scam, although this is also subject to different interpretations, given that the first Google showered us with advertisements from dubious platforms.

I think the right thing to do would be those celebrities donate the money they were paid by the scammers to the victims, being it earned from referral comissions or official contracts.

The way business is being done, it's too good for scammers and their promoters, while the customers/investors' side end completely screwed up.

Iroh

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Merit: 275

Quote from: uneng on January 12, 2023, 06:09:37 PM

What do you think about these people? Do they have any responsabilities when promoting companies which turned into scam? Should they be held accountable for that? Is it right to profit over your audience's losses? And is there more responsability involved when it's an influent person promoting affiliate links, instead of random crypto enthusiasts sharing their links in social medias?

Personally, I would not at first glance, trust anything an influencer promotes. Most times, a majority of them tend to promote anything that would be profitable to them first irrespective of it’s a legit and a responsible project or not.
Famous individuals could also be hired as influencers as they’ve got a lot of followings on their social media.

They should have some sort of responsibility to their fans and followers who in most cases would gullibly believe whatever the influencer puts out. But selfishness tend to get in the way as a whole lot of influencers would promote anything for a quick buck.

Influencers aren’t knowledgeable in all things and in some cases aren’t knowledgeable at all in whatever they’re actively trying to sell to their viewers. Influencers aren’t a recommended source of investment opportunities.

jaberwock

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Quote from: rat03gopoh on January 16, 2023, 07:44:20 PM

Celebrities are only good at representing, if they wanna be paid then follow the instructions. Yep, we know that they have limited knowledge in this field, but is it entirely their fault? What if they're also part of the victim?
I believe that many seasoned millionaires (not influencers) have also fallen for the scams of these companies.

Not entirely their fault of course but it's only the public who thinks that it was their fault. If im a celebrity, I think I won't just accept the deal easily but I will research first if the thing that I am going to promote is scam or not but I can value my reputation more over the money.

As a celebrity, you will still get a lot offers and I believe that most of them are legal and fair companies so why can't we just go on them instead? Like we said earlier, celebrities or influencers, are only being paid to promote so they never invest on the same project that they promote but for a regular individuals or those millionaires, they are the ones who can get scammed big time.

worle1bm

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I once saw a thread on twitter explaining that how one of the famous crypto influencer was making fool of the people through promotion of scam coins as he was paid huge supply of those coins by the team just to make easy profits.He get the coins on his different address and then after the investment he pulls out his profits making like $300k or something like that but people who follow his advice only loose.So I have no faith in these so called influencers pretending to have knowledge but promote projects because they are paid actors and we should not fall for their trap.

Fivestar4everMVP

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Quote from: uneng on January 12, 2023, 06:09:37 PM

What do you think about these people? Do they have any responsabilities when promoting companies which turned into scam? Should they be held accountable for that? Is it right to profit over your audience's losses? And is there more responsability involved when it's an influent person promoting affiliate links, instead of random crypto enthusiasts sharing their links in social medias?

The truth is that, that this guys promoted this platforms does not mean they were part of the scam or contributed to their bankruptcy, this issue is not peculiar to crypto currencies alone.
One thing i want you to understand is that, as members of the crypto community, at some point in time, we as individuals will likely find a project we truly believe in, and after investing so much of our money in it, i will do all we can to make sure the project succeeds, and that includes promoting the project to help make it visible to other investors and as well.
If at some point such a project collapse, then people must understand that we dont have crystal balls that tells us which promote would stand the test of time and which would not, so it is clearly not their fault that those projects end up failing, beside, those project succeeded, did very well, made good money for its early investors, before they collapsed, the promoters were only doing their job as promoters, they aren't the CEO or part of the founders of the project, as an investor, you should always do your own research before deciding to invest in any project, regardless of who is promoting it.

davis196

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This is an old topic and there was a forum thread about this subject. There's no need to make another one for the same topic.
Anyway, we can put the blame on the influencers, only if they knew that the crypto projects were scams from day 1. This should be proved in court. Without such proof everyone is innocent until proven guilty. Some influencers harmed their own reputation, by promoting crypto companies, that turned into scams. Those influencers probably have the right to sue the crypto scams for defamation or fraud(even though they got paid for doing the advertisements). I'm not a lawyer, that's just my two cents about this topic.

traderethereum

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The responsibility will return to each person who wants to participate in the promotions these influencers offer.
The influencers are just offering something that might be of use to their followers and if the followers don't seek more information, it will be their fault of the followers.
Every time we want to join a promo, we must be able to find or search for a lot of information so that we will not be scammed.
Of course, these influencers also definitely don't want to be blamed by others because they only give something to their followers and everything will return to them.

RAppleby

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Scams are all around us. We must distinguish whether they are telling the truth or not. Many people tend to exaggerate what he promotes because they have received a lot of benefits. However, there are still many influential people whose fans are more "real". He does not want to lose fans and will not participate in some scams. Be skeptical about what others say, don't believe it completely.

harapan

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Another example of these influencers that doesn't know what they do but are big public figures in the world is Cristiano Ronaldo.
Do you know he's been an influencer for Binance without knowing the harm using exchnages can cause especially when you're holding for longer term.

Michael Saylor can also be a good influencer likewise bad but when you see stuff's like from who you folly learn to check for what's right and wrong so you don't get mislead. It's also the same scenario with Elon Musk, all he does want is the push up of doge coins.

Yatsan

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Quote from: Captain Corporate on January 17, 2023, 05:05:19 PM

I agree with this. If you are talking about someone from inside, like literally they became part of it, then it could change in that case. If they are not inside, and they are not aware then they could get paid and promote something, it has happened a million times before and its not a problem at all. However, if we are talking about someone that ever gets shares, like becomes a partner with it, even if just getting token payments, then the trouble is they have to vet the company enough to know if they are legit or scam. You can just promote, but if you become part of it, you have bigger responsibility.

That is simply how influence works. For sure they are aware of it and they are just doing it to earn money from promoting those projects by disregarding the risk the are exposing to their audiences. If you would observe, they'd be deleting contents of such project once scam is already obvious, like they never did they part to promote it. That's just how money works for them. It is guilt which would be their problem afterwards but most of them are simply used to it, and will continue such scheme project after project. This also the reason why people should stop relying that much from influencers simply because they are doing their job. We, as investors, would be the one incharge still, with our funds.

aoluain

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I don't follow any influencers other than the likes of Michael Saylor on Twitter, if
he can be classed as an influencer.

I pay less than zero regard for anything others than Bitcoin, probably an exception
for Litecoin and Montero but outside those I don't care for them.

The way I see it is Influencers promote "crypto" not Bitcoin. They promote projects
which they themselves benefit from. It's sad that so many people can't see it?

examplens

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at the moment when the influencers promoted them, all of them were doing business legitimately. no one can blame them for that, In the end, I believe that not most of the influencer is directly involved in the "fraud" scheme itself.
it is something completely different if someone promotes an obvious scam, although this is also subject to different interpretations, given that the first Google showered us with advertisements from dubious platforms.

Kryptowerk

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Disobey.

Quote from: uneng on January 12, 2023, 06:09:37 PM

One of the most common and easy ways to profit in crypto industry is to promote affiliate links to online platforms such as casinos, exchanges and micro earnings websites. Probably most of us have already done it in the past, or still do this during the present moment.

However, what if you had the reach of 1 million subscribers? Millions of views? And if you endorsed a platform to all those people which turned into scam?

[...]
What do you think about these people? Do they have any responsabilities when promoting companies which turned into scam? Should they be held accountable for that? Is it right to profit over your audience's losses? And is there more responsability involved when it's an influent person promoting affiliate links, instead of random crypto enthusiasts sharing their links in social medias?

All I can say is, it was very interesting to see the different ways people that promoted FTX dealt with its implosion a few months back. It is as you would expect: The whole spectrum from not-even-mentioning a thing to their subscribers, via blaming FTX and SBF but instantly continuing with other promotions to the very rare "I will not promote any CEX from now on" reaction.
That being said, yes, if you promote something and create any kind of revenue from it, you have at least the responsibility to check if it is not an OBVIOUS scam / ponzi etc. And as soon as you get any info that things could be shady it is also your responsibility to immediately stop the promotion and inform your viewers/listeners etc.

If you do your due dilligence before accepting a promo-partner you'd probably need to rule out 95%+ of potential partners in crypto space from the start on.
You will probably lose some of the most lucrative deals. Which is why too many influencers and youtubers don't do exactly that.

Captain Corporate

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I agree with this. If you are talking about someone from inside, like literally they became part of it, then it could change in that case. If they are not inside, and they are not aware then they could get paid and promote something, it has happened a million times before and its not a problem at all. However, if we are talking about someone that ever gets shares, like becomes a partner with it, even if just getting token payments, then the trouble is they have to vet the company enough to know if they are legit or scam. You can just promote, but if you become part of it, you have bigger responsibility.

bitgolden

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Quote from: Yogee on January 17, 2023, 08:03:03 AM

Quote from: uneng on January 12, 2023, 06:09:37 PM

....Do they have any responsabilities when promoting companies which turned into scam? Should they be held accountable for that?

I'm not a lawyer but I'll try.

The key phrase here is "turned into scam" which means it started as a legitimate company. It is important to know that since these so called influencers have no prior knowledge that the owners would turn out to be scammers or that the project is a scam from the start. They will become liable if they're already aware of the fact and still promoted it.

I would say that it should be based on knowledge, and if they knew it was a scam then they should be held accountable and if they didn't know then they shouldn't be. If we were to talk about all the people who supported an "eventually turned out to be a scammer" we would have to jail all of wall street for supporting Madoff and Enron at some point in time.

We have seen so many companies turned out to be a scammer and so many business executives and celebrities supporting them until they found out it was a scam. Which means we can't punish them for it until it's obvious to everyone, after that if they still support it then we could actually say it could work.

Easteregg69

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Quote from: eaLiTy on January 17, 2023, 03:09:09 PM

Quote from: The Cryptovator on January 16, 2023, 03:30:41 PM

Do you believe so-called influencers are concerned about investors? Do you believe their followers are genuine? I don't believe it, and I wouldn't believe them either. Yes, they may have some genuine followers, but when those followers are deceived by his affiliate links, they will unfollow that influencer. It's quite simple.

Influencers are basically scammers who take money from any company to advertise them and they literally never care about the reputation of the product and all they care about is how much they are able to earn by promoting them and there are a lot of self made influencers popping up on a daily basis.

Quote from: The Cryptovator on January 16, 2023, 03:30:41 PM

As a result, we can conclude that they do not have genuine followers. Influencers are paid by the team as well as by affiliates. So they don't need to worry about his followers because he only cares about money.

The problem is, real celebrities like Floyd Mayweather, John McAfee, Tom Brady promoting scams and that is the biggest problem we are facing in this space. Hope everyone pays their price for promoting these scams in the form of huge fines and then they will think twice before promoting any scams.

When you influencer tells you to sell then you sell! No later accusations.

Because if you don't then you are not influenced. I take my beer now.

eaLiTy

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Quote from: The Cryptovator on January 16, 2023, 03:30:41 PM

Do you believe so-called influencers are concerned about investors? Do you believe their followers are genuine? I don't believe it, and I wouldn't believe them either. Yes, they may have some genuine followers, but when those followers are deceived by his affiliate links, they will unfollow that influencer. It's quite simple.

Influencers are basically scammers who take money from any company to advertise them and they literally never care about the reputation of the product and all they care about is how much they are able to earn by promoting them and there are a lot of self made influencers popping up on a daily basis.

Quote from: The Cryptovator on January 16, 2023, 03:30:41 PM

As a result, we can conclude that they do not have genuine followers. Influencers are paid by the team as well as by affiliates. So they don't need to worry about his followers because he only cares about money.

The problem is, real celebrities like Floyd Mayweather, John McAfee, Tom Brady promoting scams and that is the biggest problem we are facing in this space. Hope everyone pays their price for promoting these scams in the form of huge fines and then they will think twice before promoting any scams.

darkangel11

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Bitboy is a scammer who promoted scam coins and FTX and then when everything got exposed changed his stance and started stalking SBF and attacking other FTX promoters. The guy clearly thought an attack is the best defense. This guy should lose all his subscribers. I don't understand why people are still following a scammer who promotes so many shitcoins on his channel and takes money from developers to do it.

That Lark guy is the same. He gets paid to promote a token with that token and dumps it right away so he promotes things he doesn't want to hold and doesn't believe in. He'll say whatever you pay him to say.

How can people watch these paid shills? There's no pleasure and no profit in it.
They are using you!

Quote

In the first incident, which occurred in February 2021, 62,500 UMB tokens were sent to an address associated with Davis immediately after its promotion. Shortly after the ad campaign ended, the wallet dropped them, resulting in a $136,000 profit. According to ZachXBT’s analysis, Davis reportedly made $56,000 by selling the assets he had promoted just a few hours earlier. This trend was also seen for DOWS tokens.

Since then, Davis is said to have promoted and sold off a portion of the tokens he was given to promote SHOPX, BMI, PMON, XED, and APY following their respective launches.

https://thenewscrypto.com/crypto-influencer-lark-davis-denies-pump-and-dump-allegations/

Nwada001

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Influencing have turned to profit making business, it's all about what the influencer is to gain and not what others are to lose..
Most of the celebrates, internet influencer they focuses on becoming some brand ambassador not just because they like the brand or because of how good their service is but it's because of the payment which they are getting from them.

It's only in this forum that we user's strongly stand against scam sites that are not in favor of their customers.. which is why here is highly rated for their services.

If not for the pay I see no reason why celebrities will be going about advertising sites which have bad reputation, especially sites like 1xbet which has the worst reputation ever which I have come across here in this forum.

Yogee

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Quote from: uneng on January 12, 2023, 06:09:37 PM

....Do they have any responsabilities when promoting companies which turned into scam? Should they be held accountable for that?

I'm not a lawyer but I'll try.

The key phrase here is "turned into scam" which means it started as a legitimate company. It is important to know that since these so called influencers have no prior knowledge that the owners would turn out to be scammers or that the project is a scam from the start. They will become liable if they're already aware of the fact and still promoted it.

DaNNy001

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Quote from: goldkingcoiner on January 16, 2023, 02:53:27 PM

I will never be able to understand the thinking behind the minds of people who listen to influencers who tell them how to live and how to spend their money. How much of a mindless sheep does one have to be to let someone take control of your finances and your life like that? And the only reason being that they are famous, (usually for nonsense reasons) does not provide me or anyone else with reassurance that the influencer knows what he/she is doing. That is not something that should inspire people into throwing away all they have.

Why not trust in the advice of someone who has years of experience with investing?

I guess some people have too much money...

Some people are just too naive and they just believe or follow what these so called influencer or celebrities tell them and act out of ignorance of not knowing if the actual person telling you about the firm or business truly has experience or is grounded on what he or she is saying. Some just have this stupid nature in them that's tell them whatever a celebrity says online or in a social media platform is true.
These influencers don't care less if the platform they are advertising or promoting are actually fake and scam projects, so the real damage is actually done to me and you who are the common man. They inspire you to throw away your funds without even caring less while some i believe even endorse these projects and they patner together to collects your funds just in the name of they fucking famous.

peter0425

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Quote from: uneng on January 12, 2023, 06:09:37 PM

However, what if you had the reach of 1 million subscribers? Millions of views? And if you endorsed a platform to all those people which turned into scam?

Affiliate links are tend to be two sided, one is legit and the other is scam and those people that promotes this? are having best time in the beginning but surely this will effect their trustworthiness in time.

remember that there are no permanent growth , fall will come if you abuse the system .

millions of viewers are indeed high numbers, but sooner this will lessen till gone in the future.

takuma sato

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I doubt Gisele Bundchen or Floyd Mayweather know anything about crypto. They probably have a team of people that pick up marketing gigs for them, and they got told "this is the next big thing, get on it". And so they did, and they will pay the price.

These people probably have enough in savings to hire good lawyers and don't go bankrupt from this, but lower level affiliate marketers like Bitboy could get wreckt in a class action lawsuit if they aren't careful with what they promote.

bittraffic

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They were promoting a real project and at that time they have no idea whether a project like Celsius is going to scam. While there were signs, FTX also bought them which is probably now the fault of FTX since they already saw it coming yet they made it worse for the investors.

However, people have to really realize the "Not your Key, Not your coins" phrase. They have been warned about it many times and everywhere. If they still go for centralized and Defi platforms where they have no hold of thier keys, I think they really have not understood well. Blinded by the future profit.

Fundamentals Of

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I don't think they will ever be held responsible for whatever happened to the companies they promote. They're paid advertisers of a licensed company. We will see but I won't expect Tom Brady, Steph Curry, etc to be meted penalties for promoting FTX, for example. It is unfair to also accuse them of profiting from the losses of others.

If marketers would be held responsible for the products and services they are promoting, then many actors would have already been in jail by now or are repeatedly fined for promoting all things, from food to medicine, liquors, cigarettes, gambling sites, etc.

As always, caveat emptor.

Sarah Azhari

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Quote from: uneng on January 12, 2023, 06:09:37 PM

What do you think about these people? Do they have any responsabilities when promoting companies which turned into scam? Should they be held accountable for that? Is it right to profit over your audience's losses? And is there more responsability involved when it's an influent person promoting affiliate links, instead of random crypto enthusiasts sharing their links in social medias?

this matter made me and us think Bitboy or another influencer made money with the same thing in the past. we know it's not hard for the influencer because the follower and subscriber think the Idols have trust and has invested their money on the tokens. So in this case we must be mature to face the situation, warn them on his post and comment can not clear the situation, that makes us bullied. just let them get scammed, maybe that experienced make the follower be cured after lost alot of money.

rat03gopoh

hero member

Activity: 2212

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Signature designer - start @$10 - PM me!

Celebrities are only good at representing, if they wanna be paid then follow the instructions. Yep, we know that they have limited knowledge in this field, but is it entirely their fault? What if they're also part of the victim?
I believe that many seasoned millionaires (not influencers) have also fallen for the scams of these companies.

pawel7777

legendary

Activity: 2436

Merit: 1561

Quote from: uneng on January 12, 2023, 06:09:37 PM

...
What do you think about these people? Do they have any responsabilities when promoting companies which turned into scam?

If it can be proven that they new the venture they were promoting was a scam - then yes, they should be held responsible and face consequences.
Orherwise, the benefit of a doubt should be given, as we cannot expect anyone providing advertising service to know the intentions of their clients.
But it's a good opportunity to remember that celebrity endorsements are meaningless and aren't adding any credibility.

Quote from: BlackBoss_ on January 12, 2023, 07:50:56 PM

It happens on other platforms, not on this forum which has its rules to prohibit affiliate links to spam and scam. ...

Scams are actually allowed on this forum. Simply because moderators cannot evaluate each case. Plus, it could create an impression that if some posts/threads are not removed by mods, they are legit and not scams.

Merit.s

sr. member

Activity: 378

Merit: 258

Lohamor Family

These celebrities influenced people in a negative way by giving them wrong impression. It is very surprising that celebrity are promoting scam project and forgetting that this might jeopardize their reputation. Anyway,for them to do this,I don't think that they care about their reputation and the welfare of their fans,but I see that they only care about themselves. FTX might have used these influencers to deceive people and their customers,to that they can have confidence and trust on FTX.

The Cryptovator

legendary

Activity: 2394

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Signature space for rent

Do you believe so-called influencers are concerned about investors? Do you believe their followers are genuine? I don't believe it, and I wouldn't believe them either. Yes, they may have some genuine followers, but when those followers are deceived by his affiliate links, they will unfollow that influencer. It's quite simple. As a result, we can conclude that they do not have genuine followers. Influencers are paid by the team as well as by affiliates. So they don't need to worry about his followers because he only cares about money.

sunsilk

hero member

Activity: 3038

Merit: 634

I used to see that advertisement with Lark Davis but I'm just ignoring it.

Quote from: n0ne on January 12, 2023, 06:21:48 PM

Not with cryptocurrency, this kind of problem is happening everywhere. As everything happens online it have been made simple by the so called influencers. With time more number of scams out of cryptocurrencies create fear among the common people. This finally makes common people to term cryptocurrency completely a scam. We should not allow this to happen, and the same can be understood by the learning cryopreservation .

I agree, it happens everywhere and a few years ago I've seen content creators that are not really into crypto and it's not their niche and focus of their daily contents.

But, I was surprised to see that they've promoted some platform that's obviously runs a ponzi scheme after checking it and I messaged the pages of those that have promoted it but they seem to ignore it.

Well, that concludes that they're just there to advertise it and won't really care with their viewers being exposed to invest into potential scam platforms as long as they get paid with its advertisement.

goldkingcoiner

legendary

Activity: 2240

Merit: 1993

A Bitcoiner chooses. A slave obeys.

I will never be able to understand the thinking behind the minds of people who listen to influencers who tell them how to live and how to spend their money. How much of a mindless sheep does one have to be to let someone take control of your finances and your life like that? And the only reason being that they are famous, (usually for nonsense reasons) does not provide me or anyone else with reassurance that the influencer knows what he/she is doing. That is not something that should inspire people into throwing away all they have.

Why not trust in the advice of someone who has years of experience with investing?

I guess some people have too much money...

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

Quote from: 1miau on January 12, 2023, 08:10:50 PM

YouTube has become a shithole and in my opinion, we are better off to avoid it most of the time.

There are so many crypto gurus and wealthy gurus in general on Youtube. It has really become a very suspicious place to find financial advices. It's so easy to fake a life of richness and success in videos of 10 minutes. Here in my country a ~~scammer~~ financial advisor took a homeless from the streets, who got famous for a depraved situation which gained notoriety on the media, and put him to trade Bitcoin with binary options. Then he recorded videos with this homeless, who claimed to be making 1800% profit trading daily for just one hour.

Then exhibited a hypothetical high middle-class apartment purchased for the homeless (through "Bitcoin trading" profits), a lot of ostentation in parties, shops and trips...

Everything faked and probably sponsored with money stolen by the scammer who managed the homeless. In the end, once the homeless' hype was over, the manager just kicked his ass and now he is back to the streets begging. Tongue

LittleBitFunny

full member

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The first decentralized crypto betting platform

Quote from: BlackBoss_ on January 12, 2023, 07:50:56 PM

It happens on other platforms, not on this forum which has its rules to prohibit affiliate links to spam and scam. The forum is not perfect but if considering about how good it is to prevent scammers and scam, it is better than many platforms. Twitter, Facebook can not compare with Bitcointalk.

Quote from: mprep on July 21, 2014, 12:27:51 PM

4. No referral code (ref link) spam. [1]

The forum cannot be compared with major social platforms like Twitter or Facebook, the forum's user base is only a few million people, while Facebook's user base is up to billions of people. It can be said that the forum smaller, so the management will also become a lot easier. Not only bitcointalk but even some of my local forums ban referrer spams. And called a social network, it is just like our real society, scams, fake information everywhere, there will be no way to prevent it.

1miau

legendary

Activity: 2226

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Currently not much available - see my websitelink

"Influencers" (especially on Social Media like YouTube) are people where I would be very careful of taking their opinions as granted. "Influencing" already sounds extremely shady and over the time we have seen how accurate (hint: not) YouTubers are operating. It's mostly a mix of shilling own bags of useless Shitcoins (probably pump and dump), generation of revenues from referall links or some YouTubers are directly paid for advertising coin xy or service xy.

Remember Trevon James, who shilled BitConneeeeect on YouTube? Cheesy

I guess people trusting him got screwed...

YouTube has become a shithole and in my opinion, we are better off to avoid it most of the time.

BlackBoss_

sr. member

Activity: 602

Merit: 387

Rollbit is for you. Take $RLB token!

It happens on other platforms, not on this forum which has its rules to prohibit affiliate links to spam and scam. The forum is not perfect but if considering about how good it is to prevent scammers and scam, it is better than many platforms. Twitter, Facebook can not compare with Bitcointalk.

Quote from: mprep on July 21, 2014, 12:27:51 PM

4. No referral code (ref link) spam. [1]

DaveF

legendary

Activity: 3500

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Crypto Swap Exchange

I look it as the same way that Matthew McConaughey is doing Lincoln commercials, or Samuel L Jackson doing Capital One commercials. They are going to get a lot more attention then if they stuck me on TV and said buy this car / get this credit card / etc.

So they get these famous people to push their services.

Once you become a social media influencer you have to keep paying the bills somehow, so when someone comes and gives you money to push some crypto project you do that. It's just what it is.

If you make investment decisions based on that you are going to get burned.

-Dave

Die_empty

hero member

Activity: 686

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Give all before death

Quote from: n0ne on January 12, 2023, 06:21:48 PM

Not with cryptocurrency, this kind of problem is happening everywhere. As everything happens online it have been made simple by the so called influencers. With time more number of scams out of cryptocurrencies create fear among the common people. This finally makes common people to term cryptocurrency completely a scam. We should not allow this to happen, and the same can be understood by the learning cryopreservation .

These celebrities don't care about the history or integrity of the firms they are promoting because they blinded by the money they would make from the publicity. Some of them in my country even partner with these fake cryptocurrency businesses to scam the people. The government should make policies that would make customers hold both the company reliable and it's promoters for loss of funds or bankruptcy. These celebrities know that they have great influence on their followers and the want to negativity use thier power to exploit their fans

Sometimes I wonder why people listen to these celebrities. Most of them have zero knowledge of the cryptocurrency industry yet thier followers blindly follow thier quack financial advices. I can never rely on the investment advice from any celebrity because they are not well grounded and only interested in thier endorsement benefit. If I cannot research and verify, then I would never invest

n0ne

hero member

Activity: 2618

Merit: 548

DGbet.fun - Crypto Sportsbook

Not with cryptocurrency, this kind of problem is happening everywhere. As everything happens online it have been made simple by the so called influencers. With time more number of scams out of cryptocurrencies create fear among the common people. This finally makes common people to term cryptocurrency completely a scam. We should not allow this to happen, and the same can be understood by the learning cryopreservation .

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

One of the most common and easy ways to profit in crypto industry is to promote affiliate links to online platforms such as casinos, exchanges and micro earnings websites. Probably most of us have already done it in the past, or still do this during the present moment.

However, what if you had the reach of 1 million subscribers? Millions of views? And if you endorsed a platform to all those people which turned into scam?

That is what happened with some crypto influencers, such as "Bitboy", who promoted Celsius:

Quote

In what may have been his most consequential failed tout, Armstrong was one of the most vocal supporters of crypto lender Celsius Network. He first talked about the lending platform in a 2018 project review video. “I do have faith in Celsius and I do believe it will be a successful project,” he said. In the March 2022 portfolio reveal video, he told his YouTube audience that the BitSquad held 25,000 of Celsius’ CEL tokens (worth over $83,000 at that time and around $23,000 as of press time).

Celsius froze billions of dollars from depositors in June, and Armstrong said he was one of the victims of the lending platform’s collapse. He admitted during his show that his team “worked with Celsius for years … some partnership stuff.”

Read 'em and Weep: Five Crypto Influencers Who Dealt Their Followers a Bad Hand

Or "Lark Davis":

Quote

Then ZachXBT made a second allegation, accusing Davis of withdrawing $2.5 million from crypto lender Celsius mere days before the now-bankrupt company froze withdrawals, swaps and transfers on June 12.

Davis posted videos with a Celsius referral link as recently as June 10. He had been promoting Celsius with his own promo code, LARK, to his YouTube audience throughout the first half of the year, CoinDesk found. A Twitter user pointed out that Davis promoted Celsius for weeks after he had begun making his withdrawals.

Read 'em and Weep: Five Crypto Influencers Who Dealt Their Followers a Bad Hand

And so many other celebrities like Larry David, Tom Brady and Gisele Bundchen ( FTX's ambassadors), Stephen Curry, Major League Baseball, Miami-Dade County and athletes who promoted FTX until its very end, although they weren't sharing referral links, but being directly paid by the company.
Every celebrity involved in promoting FTX crypto

What do you think about these people? Do they have any responsabilities when promoting companies which turned into scam? Should they be held accountable for that? Is it right to profit over your audience's losses? And is there more responsability involved when it's an influent person promoting affiliate links, instead of random crypto enthusiasts sharing their links in social medias?

Topic: Influencers, affiliate links and scams (Read 414 times)