financial history, investment scams, Poyais, NFT scam, metaverse land, Gregor MacGregor, money psychology disasters, financial archaeology.
1822: Buy paper deeds to Poyais land (£4/acre). Country doesn’t exist. 75% of settlers die in jungle. 2022: Buy NFT deeds to metaverse land ($450k/plot). Value crashes 99.998%. Same psychology—scarcity, early adopter FOMO, social proof—just different paper.
Gregor MacGregor invented official seals and legal documents for fictional territory. Modern metaverse projects invented blockchain verification for worthless coordinates. The financial history lesson: authentic-looking deeds don’t make the asset real.
Full documentary on investment scams → https://youtu.be/1uBFMrHTY4M?si=zxtHiCvPzr2_qm0K
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