4 ms·

All coins are scams? Wow that's quite a bold statement and clearly from someone who has researched all the top 500 projects in the space and clearly not some1 w

by andirk 4y ago

All coins are scams? Wow that's quite a bold statement and clearly from someone who has researched all the top 500 projects in the space and clearly not some1 who is bitter they didnt get in at the beginning despite being there and not pulling the trigger.

zbentley 4y ago
This is such a tiresome common refrain, and a very telling one. Critical? Then you must not have gotten rich/must not be money material! This is quite literally the line used by "energy deregulation" MLM hucksters. It's OK to admit that you're enthusiastic about something because you think it'll make you rich. Heck, it's even OK to promote it because you think that will help pump things in some small way (or a large way, depending on which sketchy Telegram chats you're pumping it in). But don't BS others, or yourself, about your reasons for doing this. The music's been fading out for a bit. The world changing innovations didn't happen, the grand plans were very nearly all vaporware, and the few that were even arguably real have come to naught. It doesn't take any bitterness to come to an overwhelmingly negative opinion about this entire area and anyone even somewhat bullish on it.
- andirk 4y ago
  Project devs often have next to nothing to do with pricing. They're building whatever product with a public ledger and a currency type of thing involved with it. Please stop blanket statements of this is a scam! One can say the valuation is grossly inflated, there are a lot of bad actors, etc. but my god this idea that internet money (but of course not that inflation-ridden bombs-not-gold-backed USD!) Is a scam by definition is childish. Tether? Scam. Ripple? Scam. Most shitcoins? Scam. Crypto as a technology? It's just code, and open source (usually) and you personally can get involved by submitting a PR. People buy stonks with VERY little understanding of what makes it worth something. Same shit

by andirk 4y ago

zbentley 4y ago

This is such a tiresome common refrain, and a very telling one. Critical? Then you must not have gotten rich/must not be money material! This is quite literally the line used by "energy deregulation" MLM hucksters. It's OK to admit that you're enthusiastic about something because you think it'll make you rich. Heck, it's even OK to promote it because you think that will help pump things in some small way (or a large way, depending on which sketchy Telegram chats you're pumping it in). But don't BS others, or yourself, about your reasons for doing this. The music's been fading out for a bit. The world changing innovations didn't happen, the grand plans were very nearly all vaporware, and the few that were even arguably real have come to naught. It doesn't take any bitterness to come to an overwhelmingly negative opinion about this entire area and anyone even somewhat bullish on it.

andirk 4y ago
Project devs often have next to nothing to do with pricing. They're building whatever product with a public ledger and a currency type of thing involved with it. Please stop blanket statements of this is a scam! One can say the valuation is grossly inflated, there are a lot of bad actors, etc. but my god this idea that internet money (but of course not that inflation-ridden bombs-not-gold-backed USD!) Is a scam by definition is childish. Tether? Scam. Ripple? Scam. Most shitcoins? Scam. Crypto as a technology? It's just code, and open source (usually) and you personally can get involved by submitting a PR. People buy stonks with VERY little understanding of what makes it worth something. Same shit