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Its like the Uber of Ponzi Schemes. The main innovation is that there's no one to sue. The founders can just print themselves a bunch of coins and remain basic
by ArkanExplorer 5y ago
Its like the Uber of Ponzi Schemes.
The main innovation is that there's no one to sue. The founders can just print themselves a bunch of coins and remain basically anonymous.
They also bypass regulation, because its on the web?
Regulators are asleep at the wheel. This entire category of 'technology' should have been snuffed out years ago for the good of us all. Now, look around us as GPUs and other chips are out of stock, cities face blackouts due to coin mining, and the major use of these coins is to fuel ransomware attacks that take down critical infrastructure.
All entirely pointless - or even outright negative - activity.