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Crypto tokens are absolutely a scammy MLM or ponzi scheme. They're not investments. No profit is derived from the token itself, no one is holding bitcoins to do
by hnthrow1010 4y ago
Crypto tokens are absolutely a scammy MLM or ponzi scheme. They're not investments. No profit is derived from the token itself, no one is holding bitcoins to do useful work with them. The value comes entirely from speculation and from miners pumping the price so they can recoup their investment in mining equipment and energy costs. They're also not "currencies", they function incredibly poorly for that purpose.