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And there is zero financial regulation of "services" like there is financial regulation of companies. It's the equivalent of speculating on the value of an ite
by BoiledCabbage 9y ago
And there is zero financial regulation of "services" like there is financial regulation of companies.
It's the equivalent of speculating on the value of an item in World of Warcraft (Or some other mmorpg). At any point in the future the company will just change the game logic rules to make it worth less and forge a new item out of thin air worth more to raise more funds.
"Oh yes you have our A coins, but you need our B coins to do certain special transactions. Convert at this rate that's highly favorable to us. Or buy in to our B coins ICO and get in on the ground floor before we begin to phase our A coins out."
Don't purchase things where the other party can redefine what you own as it suits them.
"Buy this property from me, but at any point in the next 50 years I can come in and redraw the property boundary lines and keep what I carve off."