It doesn't mean auditors have verified there is no uncovered fakes or fraud!

 

Hmm ... reading this in investment blogoshere reminded Uncle8888 who has also personally lost money on audited fraudulent s-chips where fixed deposits and cash balances in "banks" were also fake!

Quote  :  "I try to put my money at the top platform/dapp (decentralized application) that has undergone audit(s) but when it happens"

Read? SMOL: Trust But Verify???

"Gurus" are gurus. They are not stupid. They are very good at words, sweet talking, clever marketing and counter objections; otherwise they should have long gone. 

Like those Snake Oil men in the past; if we kept seeing the same bunch of snake oil men at every Chinese Wayang Show that meant they have became successful businessmen selling some snake oil to willing buyers. Right?

This was how late Guru would counter back and Uncle8888 learned something from him.

Trust; but You can't really verify!

Late Guru's counter argument.

We trust audited statements from the Big Four. Right?

But it doesn't mean auditors have verified there is no uncovered fakes or fraud! We have seen some audited and listed companies have been faking or fraud so well until one day they were uncovered and start failing. 

Trust is far more important than audited statements?

 Trust! That is all you need to do. Soon easy money will come to your pocket. Trust me! I am here to help you. Why? Because I have made millions!

Our human weakness is that we will tend to trust more when it sounds so easy, so sweet and so promising; and especially when these came from the mouth of millionaires or from someone who are appearing so rich!