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Juicero was something nobody wanted – clearly not true of crypto. Enron was a deliberate fraud where things were faked – certainly true of many (most?) crypto
by fastball 5y ago
Juicero was something nobody wanted – clearly not true of crypto.
Enron was a deliberate fraud where things were faked – certainly true of many (most?) crypto projects, but not true of the underlying technologies (Bitcoin, Ethereum, etc) and therefore not even close to being true for all projects in the space.
Equating crypto to Enron is like equating Enron to the stock market – "the stock market allowed Enron make money off their fraud, therefore we should get rid of the stock market".
- dmitriid 5y ago> Juicero was something nobody wanted People wanted it strongly enough to invest $120 million into it. > Enron was a deliberate fraud where things were faked – certainly true of many (most?) crypto projects Indeed. You're this close to getting the comparison > "the stock market allowed Enron make money off their fraud, therefore we should get rid of the stock market". Yes. Yes, we should. Stock market is pure speculation with little to no connection to the real world.
- fastball 5y agoPeople thought other people wanted Juicero enough to invest $120M into it, but they were wrong. People actually want crypto, for various reasons. You're not going to get many people agreeing with you on the removal of stock markets, and therefore I think that conversation is outside the scope of this conversation about crypto.