BwB
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  • BwB
    • 🏡Community
      • How to join BwB
      • What to expect from BwB
      • What you stand to gain
    • S7x: Crypto Inheritance
    • S7x: Freedom to own & use, & compliance & regulations
    • S121: Why are you online?
    • S120: Human Intelligence
    • S119: Bitcoin Reminisce
    • S118: How Broke is too Broke
  • BWB_Circles
    • Plan Ahead
    • 6th Cycle
      • S117: Banking without Identity?
      • S116: Did you buy the dip?
      • S115: Digital Right
      • S114: The State of Affairs
      • S113: Welcome to bear market
      • S112: ponzi scheme
      • S111: The battle for control
      • S110: Life of a trader
      • S109: falsification in the era of bitcoin?
      • S108: crypto and politics?
      • S107: The fraud among us?
      • S106: What's next?
    • 5th Cycle
      • S105: Portfolio Review
      • S104: KYC vs KYV
      • S103: Privacy Token
      • S102: Web3 based christmas gift
      • S101: Narratives in crypto today
      • S100: Purchasing with Bitcoin
      • S99: Government & USDT
      • S98: BTC to $100k
      • S97: Importance of written agreement
      • S96: Connected but independent
      • S95: What'z changing
      • S94: Black Money
      • S93: Living in the Virtual world
      • S92: Bitcoin goes to school
      • S91: Celebrity scam token
      • S90: Bitcoin in Church
      • S89: Web3 and Gig Economy
      • S88: Making Proper Plans
      • S87: Don't be Greedy
      • S86: Job Hackers
      • S85: 5th Cycle & Community Expectations
    • 4th Cycle
      • S84: 21ON21
      • S83: The web of protest
      • S82: Crypto-lite
      • S81: Longevity
      • S80: Crypto sizzle trust
      • S79: BullRun is Over
      • S78: Capitulation
      • S77: cNGN
      • S76: Volatility
      • S75: Why the bank is better than crypto
      • S74: Let's go a fishing
      • S73: How to use Bitcoin (Bitcoin pizza day case study)
      • S72: Crypto Losses
      • S71: matter getting serious
      • S70: Unauthorized Access
      • S69: Custodianship | The Bank
      • S68: Bitcoin Halving
      • S67: Digital Economy
      • S66: FAQs | AMA
      • S65: your Game Plan
      • S64: Global Citizenship
    • 3rd Cycle
      • S63: 21 on 21
      • S62: The Future with AI
      • S61: Fear, Greed & Fomo
      • S60: Treasure in Airdrop
      • S59: flow with the rally
      • S58: Your way out of legacy market/system
      • S57; Journey in crypto!
      • S56: Duel it - Bitcoin or Ethereum
      • S55: Tactics of investment
      • S54: Bitcoin ETF approved, then what?
      • S53: 2024 expectations
      • S52: Black Market
      • S51: The era of AI, Big Data and Robotics
      • S50; Banter the Rally
      • S49: Bitcoin is not an investment
      • S48: Taking loans
      • S47: Gambling seduction
      • S46; The technology will be used to catch you
      • S45: The Bull is here
      • S44: not a get rich quick scheme
      • S43; Card Fraud
    • 2nd Circle
      • S42: 21 on 21 B
      • S42: 21 on 21
      • S41: Hyperbitcoinization & the man that saw it live
      • S40: Bitcoin; Beast of no nation
      • S39: African arising
      • S38: The democracy of financial services
      • S37: is web3 a deception?
      • S36: The Innovation of WorldCoin
      • S35: Digital footprint & cyber Hygiene
      • S34: $1 to N1000, May or Mar
      • S33: $1 to N1000, May or Mar
      • S32: AI & Crypto; Money, Investment & Jobs
      • S31: Bitcoin ETF & What it means to you
      • S30: step-by-step process of starting to invest in crypto
      • S29: Bull Mark3t expectation
      • S28: Data Protection Bill & Floating Exchange Rate
      • S27: SEC Crackdown on Exchanges; is your money safe?
      • S26: Filling the subsidy gap with technology
      • S25: why Bitcoin, why not?
      • S24: meme token: the harder they fall!
      • S23: AMA on Breakfast with Blockchain
      • S22: Technology & Real Estate
    • 1st Circle
      • S21: 21 on 21
      • S20: will technology take your job away?
      • S19: BRICS are coming
      • S18: Making Money with Crypto or Forex
      • S17: Doing Due Diligence on the web
      • S16: Web 3
      • S15: SCAMMERS
      • S14: NFTs Cont'd
      • S13: NFT
      • S12: Naira first & what next with NFT
      • S11: Portfolio creation/review
  • Glossary
    • Indexing
      • Bitcoin Halving
      • Sharpe Ratio
      • Sortino Ratio
      • Ordinals
      • Security with Web3
      • Survey
    • As a Guest
      • Investment Saga
      • 38 ways to make money in crypto
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S15: SCAMMERS

Pay attention to scammer

Welcome to another series of breakfast with blockchain guys, it's been a long two weeks, from scarcity of naira to election wahala to post-election syndrome. i know we all have different views to election scenes but please dont allow it to after your relationship with people. there is always a little good even in the worst person.

we are always here to motivate ourselves, and you don't know when and how you are going to meet a malicious person.

i want you to know that the more we use this technology, the more we get familiar with it. the more we identify the errors, and the more we position ourselves to fix it.

Wale share experience

  1. Trust: topman trusted me that's why he doesnt validate my transactions with him

  2. Be vigilant: the moment i knew the first failure point, i became more vigilant

  3. Be calm/patient in the time of chaos: even when 1.9M was already at stake, i remained calm and decisive

  4. Be transparent/accountable: no matter who you are dealing with, be transparent and accountable

  5. Give room to learn more: know what you are doing, and always learn more, you are not the smartest person in the world.

  6. allow the rule of law to play its part.

Tips to identify a scam

  1. urgency

  2. they give an outrageous, discount or you offer an outrageous discount

  3. they are smart and defensive.

  4. they don't give a straight answer.

  5. they are persuasive

Actions

when I was doing my research, I realise that the tools to help me identify this thing and draw more conclusions are not free. and the cost of following up on the aftermath of a scam is expensive. I have decided to provide a free platform on 2Settle where you can report cryptocurrency scam and an analytical tool that will help us identify the identity of the scammers within our locality. if you know a data analyst that can provide a visual representation of fed data. please share the link to help provide a more trusted ecosystem.

thank you guys for joining in on today's series.

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Last updated 2 years ago