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Yes, there was a period of time, mostly after the ICO crash, where the market was relatively quiet and most people in the space worked on interesting technologi
by nomading 5y ago
Yes, there was a period of time, mostly after the ICO crash, where the market was relatively quiet and most people in the space worked on interesting technological problems. I don't want to get into arguments about the usefulness of blockchains and web3, but the intention of developers was not to scam consumers, at least not explicitly or from the outset. Now the intention of most projects is explicitly to rug pull and scam people, mostly due to the NFT craze.
- antocv 5y agoJust cycles repeating. Remember 2013 then it was all kinds of shitcoins when the term shitcoin was most used, happened. Peercoin, FeatherCoin, AmsterdamCoin, TitsAndAssCoin. They all pumped and dumped. Somebody looking into crypto late 2013 would have found 99% scam coins. Same thing in 2017, 99% scam ICOs. Today its 99% NFT and token scams.
- beardyw 5y agoJust because you can create a new currency it doesn't mean it's a good idea. https://www.goodreads.com/quotes/685739-if-the-management-consultant-said-tersely-we-could-for-a https://www.goodreads.com/quotes/685739-if-the-management-co...