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I agree that people often use scam to mean “it’s not worth what people think it is”, “this is going to be vaporware”, “this doesn’t have much real world use”. I
by vgatherps 5y ago
I agree that people often use scam to mean “it’s not worth what people think it is”, “this is going to be vaporware”, “this doesn’t have much real world use”. I expect that the folks at DFINITY are actually trying to build something.
But it’s a little beside the point. I’ve seen some of how the sausage was made in creating and listing new crypto projects, and it’s pretty ugly. There’s a lot of focus on pumping, shilling each other (all while putting in a facade of independence), “tokenomics” which is 50% euphemism for Ponzi scheme. There are likely scam-like qualities to the way that this was listed, who was involved in providing early liquidity / pricing (the initial listing price/pump matters a lot in keeping the price stable above a certain value), and a suite of lesser benefits the inner crowd get.
I left before ICP so I don’t have any facts, but what I saw with projects before that make me confident the exact same thing happened.
- danuker 5y agoI chuckled at the analogy with sausage-making. Thank you for getting your point across!