MetaMask Co-Founder Says Investing in Crypto Is Gambling

MetaMask founder says putting money in crypto is gambling

MetaMask founders warn that the crypto ecosystem they helped create is currently an unsafe casino prone to Ponzi-like operations and exploitation.

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“It feels too little too late, but putting your money in cryptocurrencies is gambling,” MetaMask co-founder Aaron Davis told Motherboard.

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Davis further said that people advocating to put your life savings into crypto is an extremely dangerous behavior.

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MetaMask co-founder Davis is not surprised with the crash of projects involving complex investing schemes based around "Ponzimonics.”

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MetaMask wallets played an important role in the rise of DeFi and NFTs.

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MetaMask’s monthly active users grew from 1 million in 2020 to more than 30 million people this year.

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Dan Finlay opined that the projects that crashed were branding themselves as DeFi were actually kind of operating as shadow banks with massive leverage.

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