The “Numbers Go Up” game or intentional fraud?

A story about fake devs, forgotten projects launched with @clanker, @proxystudio.eth and how someone may be making thousands of dollars monthly on Farcaster using fake accounts

Some last comments I want to clarify before MOVING ON from this topic:

1) I didn't mean to say Proxy was behind it.

I wanted to highlight that ecosystem leaders might not always do due diligence when promoting something. Whether that's intentional or not – don’t know. But 100% know that a lot of people without bad intentions can also do the same and post about tokens without checking them properly. So in the end, always DYOR.

2) I didn’t know this word before, but:

LARP (Live Action Role Playing) –  digitally “playing a role” to influence others' trading decisions or project perceptions.

That’s exactly what it was. So it’s not a traditional scam/rug pull. Most of the money collected from trading fees was made "legitimately" because the audience believed the roleplay of these "devs".

Building an AI x SocialFi app @reachbot /getreach | Open-source human-readable EVM data https://github.com/3loop/loop-decoder

Appreciate the clarification
This is a good reminder that even without outright scams, narratives and roleplay can still mislead and cause real losses