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If there is a promise of future cash flows from transaction fees that is dependent on new holders, doesn’t that make it a pyramid, ponzi or MLM scheme?
by manfredz 5y ago
If there is a promise of future cash flows from transaction fees that is dependent on new holders, doesn’t that make it a pyramid, ponzi or MLM scheme?
- jxi 5y agoNot sure what the exact definition of those things are, but the ether burns might be a counter-example (could say it's similar to dividends), so it's not only dependent on new holders.
- inter_netuser 5y agoIt is just inflation of money supply, same as with fiat currencies.
- tim333 5y ago>It's fiat 2.0, but with emojis. You say that like it's a bad thing.
- inter_netuser 5y agoHa! emojis are great, sure. I'm just not sure there is any real innovation here, it all seems to be rather circular.
- dmihal 5y agoThe transaction flows aren't dependent on new holders, it's dependent on users. If you somehow banned any new users from using Ethereum, existing users would continue to use Ethereum for the applications built on top of it.