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Your definition is emotionally-fueled and bears little relevance to the actual definition of a scam. I don't know any better technology that exists. The Interne

• colesantiago 4y ago
  > Your definition is emotionally-fueled and bears little relevance to the actual definition of a scam. This is a shallow dismissal without addressing any of my points of which they are facts [0]. What is certain is that this Arweave project is searching for a problem with blockchain and it doesn’t exist. Cramming blockchain into it doesn’t make it novel or better than what already exists. You’ve said it yourself, BitTorrent & The Internet Archive works well after 25+ years. More importantly it is not surprising that this coin is a premine, I would argue that most of the money from that ICO would have been better allocated to IA (a non profit) than to some ephemeral for profit crypto project, that doesn’t do anything than enrich A16Z, Coinbase and all the other early investors who clearly want to make a quick buck in crypto. I would have expected HN users to be more sceptical of pyramid schemes like this one and it seems that you are either: invested in this token, or are extremely naive enough to think this project would legitimately work at scale (assuming regulations in the crypto space are implemented), or both. [0] https://icodrops.com/arweave/ https://icodrops.com/arweave/