Honestly, I think defending your rights in the crypto world is extremely difficult.


It's easier to defend your rights against exchanges; if they ignore you, you can sue them, after all, it's a verified address, and at least you know where to seek justice.
It's really hard for project teams to defend their rights.
In recent years, countless projects have started, but even if you track down the project team, it's very difficult to bring them to justice, and only a few have actually been sent to jail.
It feels like malicious behavior in Web3 almost has no cost and no barriers to entry.
Early projects with no money just freeload on publicity, PUA (pick-up artist tactics) retail investors and KOLs (key opinion leaders) with pie-in-the-sky promises, saying they'll remember your kindness in the future and give you certain rights.
Isn't everyone in this circle just desperately looking for a way out?
Some projects even require you to invest money and do work; in the past, you only needed to invest, but now after investing, you also have to work, or your share will be canceled.
I’ve encountered too many project teams changing rules and rights during TGE (Token Generation Event), and the contracts they sign are all one-sided terms.
Even the more conscience-driven ones are willing to refund, but you still have to be grateful.
Many run off with the money, and so-called contracts only protect the project team's rights; the signatory must keep their promises, but the project team can break theirs.
There are plenty of such cases, and at the bottom of the contract, it says the final interpretation right belongs to the project team.
How do you defend your rights? It's very difficult just based on contract terms.
So, whatever the project team says is what it is.
It's understandable to change terms before listing, but isn’t that something you should consider during promotion?
Why are we always the ones bearing the consequences?
One step back is okay, but we can't always keep conceding, right?
I've joined countless rights protection groups, but it’s all enthusiasm at the start, then it fizzles out, and the consensus on defending rights is very low.
Rather than fighting to the end, it’s better to earn back the money, and eventually it just turns into an advertising group.
Most people defend their rights not because they lost money due to their own lack of knowledge, but because they were severely exploited by malicious project teams and teams, and they have no choice but to do so.
Who wants to go crazy defending their rights online?
Defending rights in Web2 also takes a lot of time and effort, requiring collecting evidence, networking, and hiring lawyers if conditions allow.
If not, you have to do it yourself, which seems simple but is actually very complicated.
If I hadn’t gone to court to defend my rights, I’d think anyone could do it.
Thinking back, blockchain was originally meant to solve trust issues, but now it’s become a synonym for scams.
In short, defending rights in this circle is really difficult, but I hope Sister Niu can succeed and become the first case.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin