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Why are there so many rug pulls, scams, and hacks in the crypto space—so many security issues keep happening?
Today I saw another perspective, and it has a lot to do with the industry’s rapid growth.
Because the industry grows so fast and profits come quickly, people tend to ignore risks. They’re only thinking about how to rush in and make money fast—who cares whether it’s safe? By the time you’ve thought it through, others have already run the workflow and split up the market. If you drag your feet, you won’t even get the soup.
So the whole ecosystem—upstream and downstream of the industry—has this kind of atmosphere everywhere. As long as a business chain is attached to the demand for rapid growth, it inevitably comes with light reviews and high-trust mechanisms. You end up with a mix of good and bad actors, with varying levels of competence and quality.
No wonder the circle also follows the life motto of “learn by doing.” This isn’t some strong, powerful action doctrine. It’s purely adapting to the industry’s rapid growth—revealing the greedy and distorted side of human nature.
No wonder everyone keeps disclosing that there are grass-roots “one-man” crews everywhere in the circle. Yes, that’s right. Here’s another lesson: grass-roots crews everywhere. You say you can do it, then you’re in. Nobody cares whether you’re actually competent. You say you can do it, and you get to go up. As for what happens later when things go wrong—that’s an uncontrollable factor. People who get it get it. Swap the mask and start the next “startup.”