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Author mentions the ponzi scheme, and quite right. As long as the general trust is there and the investments are on the up and up you’re fine. But the insidiou
by prox 6y ago
Author mentions the ponzi scheme, and quite right. As long as the general trust is there and the investments are on the up and up you’re fine.
But the insidiousness is once you’re in, you’re in. Once you bought 4000 Tupperware to resell (insert any pyramid scheme here) , you can’t find fault in it, and when it crashes you’re burned.
I don’t want to bash blockchain, there might be interesting use cases, but I haven’t seen it yet in it’s current implementations.