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Vast majority of the complaints about crypto fall into two categories: -lawless: e.g., ponzi scheme, rug pulls, etc. -useless: "this is just a database" For c
by p0pcult 4y ago
Vast majority of the complaints about crypto fall into two categories:
-lawless: e.g., ponzi scheme, rug pulls, etc.
-useless: "this is just a database"
For crypto to be useful, both of these challenges need to be addressed; well-designed regulation certainly will help the former, and also its perception.
- rglover 4y agoThey're already addressed by Bitcoin (which has zero centralized team, marketing, or promotion of future "gains"). "Crypto" (anything that isn't Bitcoin) is by design a way to run a legitimate ponzi scheme, primarily for VCs who realized it was easy money [1]. [1] https://twitter.com/SilvermanJacob/status/1595059806200643589 https://twitter.com/SilvermanJacob/status/159505980620064358...