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Is ethereum a scam? How about MakerDAO?

• juped 7y ago
  - Yes - Yes
• Polylactic_acid 7y ago
  Essentially. All of these coins have no real world use and everyone knows it, they just think they will the ones profiting on other idiots who buy it at the end.
• ccktlmazeltov 7y ago
  Actually, I'm really wondering how all these cryptocurrencies are legal. Algorand also started by selling its initial coins, how is that legal?
  • wmf 7y ago
    Almost no token sales are done legally. Ethereum's token sale wouldn't be legal if it was done today but Ethereum is so large that regulators effectively grandfathered it under the "sufficiently decentralized" doctrine.