2026-01-03 10:00:18

Don't deny the tool itself just because of bad actors—this is a point made by a leading exchange executive in a recent interview.

The topic originated from how to help beginners identify scammers. His analogy is quite vivid: technology is like a shovel; it can be used to build walls and houses, or it can be used for malicious purposes. The key is that the minority who misuse technology are always the ones, and we shouldn't deny the technology itself because of that 1%.

This logic is especially relevant in the cryptocurrency community. Scams, frauds, and exit schemes do exist, but that doesn't mean the entire system is flawed. On the contrary, because of its decentralized nature, users have more autonomy and the right to be informed—if they learn basic security knowledge, most risks are manageable.

So instead of complaining about too many bad actors, it's better to improve your own discernment. That is the correct attitude for survival in the crypto world.

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MoonMathMagic

· 01-06 09:49

Exactly, but too many people get cut once or twice at the start and then start criticizing the entire crypto space. Really, instead of blaming the tools, it's better to ask yourself if you've really done your homework.

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FortuneTeller42

· 01-06 05:22

The shovel metaphor is excellent; the key is whether you know how to use the shovel in your hand. Blaming the tool for not knowing how to use it is pointless.

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AirdropBlackHole

· 01-03 10:27

That's right, it's just that bad people and bad things cause too much trouble, and beginners are easily scared away.

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UnluckyValidator

· 01-03 10:21

That's right, who can you blame for not having eyes yourself It's the same old story, but the key is really to learn how to read the charts and basic on-chain analysis This logic applies everywhere, you can't deny medicine just because there are bad doctors I agree, but the reality is that most newbies are just here to make money, no amount of safety knowledge helps Shovels can indeed build houses or hit people on the head, but the problem is that this circle is full of people hitting others with shovels It sounds right, but decentralization also means no one guarantees the safety, and the risk factor is indeed high Self-improvement is easy to talk about, but how many are truly willing to spend time learning I agree, but for newbies to recognize that 1% of bad actors is actually a joke

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JustHereForAirdrops

· 01-03 10:21

To be honest, I've heard the "shovel theory" too many times, but it does make sense... The problem is that most people simply don't want to learn; they just want to sit back and win effortlessly. They criticize projects for跑路 (跑路), get phished themselves, and then ask me why I didn't remind them... How am I supposed to remind them? The key is to figure out whether you genuinely want to participate in this ecosystem or just want to make quick money. The mentality of making quick money is the easiest to be cut off, and then people start denying the entire industry. This is not a technical issue.

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ZKSherlock

· 01-03 10:02

actually... the "1% abuse argument" is doing a lot of heavy lifting here that doesn't hold up to scrutiny. like, have we done the math on actual fraud rates in crypto vs traditional finance? tbh the framing feels convenient for exchanges with vested interests.

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