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It's like arguing with people who believe in their system to win at lotteries: "you can't criticize it until you understand every little detail". MLM proponents
by bluecalm 5y ago
It's like arguing with people who believe in their system to win at lotteries: "you can't criticize it until you understand every little detail". MLM proponents use the same argument: look at this amazing double binary balanced pyramid and 10 pages of detailed description of how pay-offs work when you recruit people to the left and right branches underneath you.
With those as with crypto you are better off taking a view from above. The only problem crypto solves is going around regulation. It's a sleight of hand, if you convert dollars to tokens suddenly regulators won't go after you. This and 101 ways of trading imaginary tokens hoping there is going to be a bigger sucker or that you won't be the last to sell. To increase chances of either happening you scream: "it's still early", "diamond hands" and "hodl!" creating a sense of companionship to promote behaviors that increase your chances to cash out before the whole thing collapses.