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Right, at best this is gambling. At worst, it is a pyramid scheme in the offerings that never intend to ever really even try to make something of value.
by snarf21 9y ago
Right, at best this is gambling. At worst, it is a pyramid scheme in the offerings that never intend to ever really even try to make something of value.
- CryptoPunk 9y agoAt best it's seed investment. You seed 100 projects that show promise and hope one of them is a home run. VCs do something similar, with 90% of their investments failing. The quality of token investing really depends on the due diligence done and the investment strategy pursued by the token buyer.
- aaron-lebo 9y agoThe problem is when you have 100,000 amateur investors, the likelihood of due diligence drops pretty dramatically and the strategy usually consists of "this looks good".