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Each of these articles need to be treated with a degree of scepticism: in order to have a functioning market for any of these things - whether an NFT, a share o
by kristianc 6y ago
Each of these articles need to be treated with a degree of scepticism: in order to have a functioning market for any of these things - whether an NFT, a share of future earnings, or ‘BitClout’ - you need people who are willing to buy into the ecosystem.
If there are not a steady stream of new entrants with new money coming to the market, the whole thing collapses like a house of cards. And you will eventually run out of people. Anyone seriously looking into BitClout should look into the recent story of FootballIndex in the UK.
The Ponzi analogy is quite apt, and buyers into Ponzi schemes typically do not do well out of it.