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You are right, crypto is Ponzi, HYIP, MLM or whatever people want to call it. The technology behind crypto coins is valuable not the crypto coins itself.
by mrkramer 5y ago
You are right, crypto is Ponzi, HYIP, MLM or whatever people want to call it. The technology behind crypto coins is valuable not the crypto coins itself.
- unstatusthequo 5y agoAnd the coin is the reward for those keeping the chain going and validating, so they are not necessarily disconnected when the underlying blockchain provides a purpose, like Ethereum. Also, those people that bought houses in cash due to the value they derived are examples of real value being realized.
- nootropicat 5y agoMost are ponzis, but some have fundamental value - those that allow holders to receive fees (or other monetization of users) in some form.