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Under this definition, surely all cryptocurrencies fail test #4. Everyone is going to get rich and nobody is going to have to put in any effort, just HODL. WA
by ForHackernews 4y ago
Under this definition, surely all cryptocurrencies fail test #4.
Everyone is going to get rich and nobody is going to have to put in any effort, just HODL.
WAGMI! To the moon!
- unicornmama 4y agoThere are some projects run by corporations who create and sell tokens, and whose founders have made claims promising returns derived from ongoing operations and investments.
- ianferrel 4y agoMost cryptocurrency promotors claim that they have this brilliant team and a great roadmap and in the future all the activity they're going to promote is what will make the token worth something, etc. Which is actually what does make them a security. The claim in the article is that Bitcoin is mostly not like that. There's a protocol and a bunch of users, but there's no one who's leading the enterprise and causing the value to do something. Not sure I buy that claim, but it's not totally crazy.