Don't be blindly obsessed with "crypto big V", they may just want to cheat your money

This article talks about some KOLs in the crypto community, that is, the way big V makes money. Some of them are normal profit-making methods, and some are fraudulent behaviors that harm others and benefit themselves. The author hopes that readers can better distinguish the big V, and don't blindly believe them.

This article will talk about how the encrypted big V makes your money:

"Show me the incentive and I will show you the outcome." - Charlie Munger (well-known investor, Buffett's good partner)

(This sentence roughly means, let me see incentives, and I will give you the results you want.)

Why do big V always like to share some famous words?

Ask yourself, "How exactly does this benefit them?"

This is important because only then will you not quit easily.

Next, I will talk about some common business models used by these big Vs.

1. Related party transactions

They promote a product and get a cut of every sale.

E.g:

- Ledger HW wallet offers 10% commission

- Koinly Tax software has a commission for every transaction.

- Large exchanges have lucrative new pull programs.

DeFi

2. Sponsorship

The project/company wants to attract attention. They can't be promoted on Google or Facebook because the results are minimal.

So they thought of the big Vs.

Sponsored subscriptions or podcasts are the most common options, usually for a flat fee.

DeFi

3. Premium Content

Big V will share information. But there's a lot of information they won't share publicly.

These are what they call premium content.

It's like some people share some free photos on Instagram, but you can't see more photos until you become a fan of them.

Here are some concrete examples: