The Great Crypto Illusion
A bold, fact-based exposé revealing fake trading, NFT scams, and crypto myths. Engelbrecht pulls back the curtain on blockchain hype and teaches readers how to invest with eyes wide open.
In this edition of Cyber Book Club, we’re diving into The Great Crypto Illusion by JA Engelbrecht, a fearless and thoroughly researched exposé that dismantles the hype surrounding cryptocurrency, NFTs, and the broader blockchain space. If you’ve ever felt skeptical about the crypto craze, this book offers the clarity and confirmation you’ve been looking for.
First time seeing this?
Engelbrecht pulls no punches as he unpacks how supposed decentralization often conceals centralized control, how market manipulation and fake trading volumes are rampant, and why many blockchain projects are more about marketing than innovation. Using plain language and hard evidence, the book uncovers the uncomfortable truths behind tokenomics, NFT wash trading, dApp engagement myths, and how everyday investors often get caught holding the bag.
Far from being anti-tech, this book encourages critical thinking and informed investment. It's not a rant, it’s a wake-up call.
What You Will Learn
Why most crypto trading volume is artificially inflated
How gas fees, whales, and market makers distort the ecosystem
The economics of NFTs and how they’re manipulated behind the scenes
How decentralization has quietly become centralized
What to watch for if you're still considering investing in crypto
Who This Book Is For
This book is ideal for:
Crypto-curious readers seeking a balanced, fact-based view
Retail investors trying to navigate a confusing and volatile space
Financial skeptics and critical thinkers
Anyone tired of blockchain buzzwords and looking for substance
Whether you’re deep into DeFi or watching from the sidelines, The Great Crypto Illusion gives you a well-rounded view of the risks, realities, and red flags the industry prefers you ignore.
Table of Contents (Highlights)
The Crypto Dream vs. Reality
The Myth of Decentralization
Fake Volume and Wash Trading Exposed
The NFT Bubble and Its Illusions
Ponzinomics and Token Hype
Gas Fees and Hidden Costs
How Whales and Exchanges Control Prices
dApps and the Illusion of Usage
Regulation, Scams, and the Road Ahead
Investing Wisely in a Manipulated Market