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It's a mixed bag of legit projects, outright scams, and that grey-area of tech-bro charlatans. It's the last one that concerns me: CEO - Serial Blockchain Entr
by psyc 9y ago
It's a mixed bag of legit projects, outright scams, and that grey-area of tech-bro charlatans. It's the last one that concerns me:
CEO - Serial Blockchain Entrepreneur. In this for the long haul!
CTO - "Crypto expert" == Business guy who understands blockchain superficially
CFO - This guy is real, of course.
Working code! = Fork
Whitepaper = Buzzword language that just says their going to tokenize something. 'LegitCoin will tokenize the derivatives market for solar!'
Create positive pump articles and videos for us for free tokens!
My non-technical brother in law asks me every other day to look into one of these turds for him, and I have to deflate his bubble.
- factsaresacred 9y agoSpot on. Shitcoins, as they call them. At this very early stage of adoption, most people who are smart enough to figure out how to trade crypto should be smart enough to do some research before buying 1000 vaporware coins. As the doors open to the wider population, though, it's inevitable that hucksters will try to separate regular folk from their hard earned cash. The notion is reprehensible (and goes against the spirit of cryptocurrencies) so some regulation around accountability would not be unwelcome.