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Do you believe all crypto currencies will be outlawed by governments, or just the practice of initial coin offerings that are obvious Ponzi schemes? The reason
by gnu8 9y ago
Do you believe all crypto currencies will be outlawed by governments, or just the practice of initial coin offerings that are obvious Ponzi schemes? The reason I ask is that while it is possible to hold people responsible for illegal business practices, nothing will ever stop people from running software or trading assets, legal or otherwise.
- loceng 9y agoICOs are just a marketing tool to concentrate attention and perpetuate the hype machine - supporting the structure of an ICO doesn't make the structure of these crypto-assets not a Ponzi-Pyramid scheme. Of course, people still murder other people even though it's illegal - however we put mechanisms as best we can to counteract what we feel isn't good for society, e.g. traditional Ponzi schemes ... which should have the incentivized structure of Bitcoin, Ethereum's Ether et al added to that same illegal status - if they even pass current laws, which there is some doubt to.