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Throwing money at a business proposition is neither new nor gambling.
by decentralised 9y ago
Throwing money at a business proposition is neither new nor gambling.
- Cthulhu_ 9y agoIt is when the investors throw money at it in the hope they'll get a return on investment. You don't need $250 million to build a distributed Dropbox clone.
- JumpCrisscross 9y ago> It is when the investors throw money at it in the hope they'll get a return on investment Traditionally, the gambling-investment line is drawn at the zero-sum boundary. If you're buying these tokens because you think the encrypted storage business is worth that much (i.e. based on profits), it could be investing. If you're buying to avoid missing out on something other people will want to buy because it's cool (i.e. there is no discussion or thought given to profit) it's probably pyramidesque gambling.
- decentralised 9y agoHow is that different from any other investment?
- matthewbauer 9y agoBut is this really an investment in a company? It looks like they're just buying tokens in the hope that when people start using FileCoin there will be more demand for it.
- decentralised 9y agoIt works as an investment precisely because the tokens will be tradable, and with use and demand they should increase in value significantly.
- decentralised 9y agoIt's an investment because the coins are usable as a medium of exchange and as a store of value. If you can have Amazon S3 type service hosted in IPFS and actually get paid for it instead of paying for it... what is the problem with this business proposition?