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I think he's providing a valuable service by creating products that exert a downward pressure on some coins. I don't see whats wrong with this. The default stat
by bko 5y ago
I think he's providing a valuable service by creating products that exert a downward pressure on some coins. I don't see whats wrong with this. The default state allows for number to only go up until a rug pull.
- jqpabc123 5y agoI think "providing a valuable service" is secondary to the fact that he stands to profit from it.
- bko 5y agoWhy is profit bad? Nearly every service I use is administered by someone profiting from it
- jqpabc123 5y agoProfit can be either good or bad. The difference is often in *how* it is earned. The host from the article summarized it pretty well, "I’m in the Ponzi business and it’s pretty good”. Offering a service to rubes in a Ponzi scheme may not be illegal ... but it is not without ethical concerns either. Have you ever wondered why every corporation on the planet hasn't jumped into this highly profitable scheme of creating your own currency? They have the resources and the technical expertise to do it --- but they haven't. Ever wonder why?