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Sure, financial primitives that are mainly useful for speculation, very sketchy tokens, and various scams. $14B of FOMO can rapidly turn into $1B or $100M or $1
by drchopchop 6y ago
Sure, financial primitives that are mainly useful for speculation, very sketchy tokens, and various scams. $14B of FOMO can rapidly turn into $1B or $100M or $1M if/when the bottom falls out.
- intotheabyss 6y agoIt's an open permissionless system, so of course the low hanging fruit is going to be speculation, sketchy tokens and scams. These require the lowest effort. It's the exact same thing in the traditional financial system.
- spurdoman77 6y agoSpeculation is very important value-added activity in any system. In my opinion anybody who couples speculation with scams and value-destroying activities together loses credibility.
- Daishiman 6y agoSpeculation that isn't coupled with indicators of a productive economy is a complete scam, like this is.