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You are all insane, how is that not a Ponzi scheme

• charcircuit 4y ago
  Because people were speculating on the growth of the project.
  • mstipetic 4y ago
    Why do you keep referring to them as projects, why not call them schemes which is much more apt
    • charcircuit 4y ago
      A scheme is a plan. Saying just that trivializes the massive amount of work creating a community, creating websites, working on the distributed system itself, doing the marketing, creating smart contracts, getting the smart contracts auditted, setting up bug bounties, writing documentation, moderating the community, creating tools for visualizing the blockchain or other stats, creating various other dapps, etc. Pretty much everything worked on is open source too. You can find it on github. I don't go around calling Linux a scheme, or emacs a scheme, or blender a scheme.
      • mstipetic 4y ago
        Madoff also did all those things. Every time I look into one of those “projects” it either depends on money coming in or other parts of the crypto system growing. Stop fucking lying to people, and especially don’t compare it to something like Linux. So much wasted effort for nothing
        • charcircuit 4y ago
          >Every time I look into one of those “projects” it either depends on money coming in or other parts of the crypto system growing Can you please explain what you are talking about. There are a lot of different projects that are related to cryptocurrency. I think we are talking past each other. >Stop fucking lying to people What lie did I tell? I have been trying my best to explain how things work because I have been looking into how it functions over the past fwe days. >and especially don’t compare it to something like Linux I was just picking open source projects which have a community built around them.