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You can make anything seem valuable by bankrolling a sock puppet buyer to buy from you at a fantastical price while others are watching. Cryptotokens work part
by usrusr 9y ago
You can make anything seem valuable by bankrolling a sock puppet buyer to buy from you at a fantastical price while others are watching.
Cryptotokens work particularly well because of pseudonymity, a very receptive audience and exchanges that will happily provide a stage for just about anything as long as they get a little cut.
Competition between similarly inflated tokens make success and failure a matter of storytelling quality. The legend doesn't even have to personally convince anybody, but it should lend the sock puppet buys some plausibility.