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> the entire scope of these technologies is promoting fraud, scams, and Greater Fool schemes With this statement the author shows bias and a lack of serious in
by blunte 5y ago
> the entire scope of these technologies is promoting fraud, scams, and Greater Fool schemes
With this statement the author shows bias and a lack of serious interest in discussion.
Indeed most cryptocurrency projects are frankly illegitimate, but certainly not all.
- slater 5y agoWhich are which?
- blunte 5y agoTherein lies the challenge. As far as blockchains themselves, I feel that Algorand is a very legitimate serious project. There are others, like Harmony, but with both projects you can have scam coins built on top of them.
- kayamon 5y agoBitcoin is the only legit blockchain. You don't have to take my word for it; he proved it in the paper. The blockchain with the longest proof-of-work is always the real one, given multiple competing blockchains. All other cryptos are attempting (and failing) to do a 51% attack on Bitcoin's preexisting longer blockchain.
- scrubs 5y agoYah, which? And why? A needlessly open ended statement when multiplied by -1 yields the same nonsense just with a different sign. Right?