Reasons to Avoid a Web3 Mentor

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bearhq816Newbie
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#1May 27, 2018, 01:08 PM
A typical web3 enthusiast thinks they have all the answers. Once they start raking in cash through Metamask, doing some bridging and transactions on DeFi platforms, they begin to think they’ve figured it all out. If you ask a web3 aficionado about how they store their assets, they’ll probably say Metamask. I know someone who used it, thinking he was clever, but it ended up costing him a fortune. It didn’t take long before someone moved all those coins out and sold everything off. I tried to reason with him, but he wouldn’t listen, like I’m the one who doesn’t know anything. What’s even crazier is that his friends share the same mindset, convinced that wallets like Telegram, Metamask, and browser add-ons are the best ways to keep their crypto safe. I’m here to tell newcomers that just because you’re making money through DeFi or Airdrops doesn’t mean you’ve got the whole crypto scene figured out. A lot of these people don’t even know hardware wallets exist, and those who do often think buying one is a waste of cash. Stay open to learning more as you earn, and don’t just pick someone as a mentor because they’re making money; that doesn’t mean they truly know what they’re talking about.
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#2May 27, 2018, 02:31 PM
How would someone become a mentor if he doesn't know even how to store crypto safely? Almost all hardware wallets support tokens on the major chain. It doesn't matter from where you are earning; you can secure your crypto into a hardware wallet. For temporary use you may use any non-custodial wallet, but for holding funds it's always preferable to use a trusted hardware wallet. If you follow someone blindly and don't want to learn more, then someday you'll have to regret it. Something went wrong with you. Web3 doesn't mean just earning from airdrops or earning from trading. I am just wondering how a Web3 guy doesn't know about securing his funds. However, there are a lot of resources lately to learn from. So you have to focus on learning about crypto besides earning.
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ravenproNewbie
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#3May 27, 2018, 08:33 PM
Even if the individual is a Bitcoiner, there is no reason whatsoever to trust the person because the foundation of crypto was built on a trustless society,  decentralized network, consensus mechanisms, and blockchain. But when people ignore the concept and the foundation on which a certain thing was introduced and trusted by early adopters, they end up taking the wrong steps and focusing mainly on the system's benefits. This is what we're seeing in today's crypto market, where influencers and celebrities play a major role in the investment decisions of some people. If you have advised them, but they choose not to listen. Leave them; they will wish they had listened to you after they have learned a huge lesson.
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#4May 27, 2018, 10:24 PM
So you have to ignore all of them. There are so many individual who acted like they known everything just after they read one of two paragraphs related to the web 3. I can say i relate with what you have said because these days people who knows well about web things will always talk less. Meanwhile, someone who knows only the basic thing will always talk more. Those kind of people were the empty vessels that makes the loudest noise. If i were you, i'd ignore all of them and looking for a proper AI to talk about what i don't know about web3. Even AI can mentor you better than those people.
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zero_hashNewbie
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#5May 27, 2018, 10:42 PM
I don't do mentor, it sucks. Someone with the only prove he can lead being his lavishing lifestyle on screen? I'll do better on my own. The problem with some investors is they are too scared to walk the aisle on their own. They are sacred they will make the wrong decisions gay could lead to them losing their investments, but these mentors are the first wrong decisions they do make. But unknown to them. They find comfort in the hands of so called mentor. Knowledge in the crypto space is easy to get but requires your time and effort.
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#6May 28, 2018, 01:44 AM
Nobody can know it all which is why we learn every day but some people are so proud of themselves that because they're making money from crypto, they feel that they know it all and wouldn't want to listen to anyone who they feel they are better than financially. Since, they don't want to listen to you leave them alone and let them learn in a hard way. Don't have a mentor that knows nothing about crypto safety.
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#7May 29, 2018, 06:39 PM
Let start from you, is not wise of you to take a web3 guys a yu explain as a mentor in the first place because you should know better that with his level of understanding of the cryptocurrency market and how to handle security of assets, so this should careful be pointed because, securing your assets is more important than even owning that assets in the first place, he is not a crypto guru but a novice and bounty hunter with money through web3.
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hawk_coinMember
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#8May 29, 2018, 06:55 PM
The lessons that are closest to the truth are usually consistently recommended by multiple mentors. I wouldn't mind learning from random people, even web3 enthusiasts, but don't be satisfied with just one source and then trying everything. More sources will offer more perspectives and insights. Unfortunately, overly cautious people sometimes have limited insight to teach you what you want.
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blockxFull Member
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#9May 29, 2018, 11:42 PM
There are many of those folks who just learned how to do airdrops and they're now a web3 guy. They are aware of which wallets to use and all they want to say is their take on the projects they say to the people who listen to them. That's their trip and if they have been profitable with that, it's a good stats for them. But not all of these guys are genuine, they're only getting the people to follow them because there's profit when they also ask to invest them to what they invest and they'll become the liquidity exit with what they hold.
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#10May 30, 2018, 05:29 AM
Metamask, telegram wallet, and other extension or mini app based wallet obviously less secure than hardware wallet. However, if your friend is getting drained from malicious contract even if you had used hardware wallet, it won't prevent the wallet from getting drained because you are approving other wallet to use your asset on your behalf by approving spending unknowingly. That is the real problem. The good news is Ethereum Foundation has rolled out clear signing, so the user could know what they are approving not just looking at random codes.
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#11May 30, 2018, 09:43 PM
Airdrops can be a mixed of web3/decentralized and the regular/centralized one but I think many airdrops now are centralized due to the many regulations now that have taken their place on our market. What I mean is that the term web3 guy may be outdated anymore or not applicable to all of them. But anyway, it looks like there are annoyance too right there from these self proclaimed individuals. Annoyance that them being a nerd, can now talk almost anything. It is like their mouth doesn't stop, much more if they start to beg people a lot to join them on their advocacy. Airdrops are usually known to be free but they can earn more on it if someone registers on their link.
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satoshi_nonceSenior Member
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#12Jun 1, 2018, 02:09 PM
I agree with you about the arrogance of web3 fanatics as most of them believe their way is the perfect and only way. It is not surprising though because a lot of them make so much money so easily. They also believe so much on the flexibility that add-ons give them as well as metamask and Telegram wallet and are doing everything to make Telegram their go-to for all their needs including p2p trading, other trading, gaming and even storage of their assets. The hardly pay attention to the risk posed by these web3 infrastructures amd some of th actually pay the price for their arrogance.
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just_wolfNewbie
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#13Jun 1, 2018, 02:50 PM
So what do you suggest?   I am personally open to any mentor who does bring us to a new level of knowledge. In the web3 world there is a lot of information that is very helpful as long as you know how to utilize it and know how to filter it. What you said seemed to feel jealous and annoyed at those who have made thousands of dollars but you yourself cannot reach that level.
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bearhq816Newbie
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#14Jun 1, 2018, 11:38 PM
The type of jealousy that got them storing those thousands on a Metamask wallet and eventually losing the money? Well there is nothing left to be jealous about. My point still stands that many people are making money in crypto and yet they have not much knowledge about what they should do and what they must not do. If you don't get it please read it again. How can a mentor advice newbies to store thousands crypto assets on a Metamask wallet?  What happened to buying a hardware wallet since you already worth thousands? Read again, before you type.
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