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> The intent of the initial founder also allegedly was to defraud "investors". > > Explain how "intent" is logically derived. If someone advertises a cryptocur
by c0balt 3y ago
> The intent of the initial founder also allegedly was to defraud "investors".
>
> Explain how "intent" is logically derived.
If someone advertises a cryptocurrency to bring you money as an "investment" but has the intent to take your money and not produce more value with it.
A project may aim to achieve a goal but fail to do it for various reasons. There a legitimate, e.g., technical challenges, and illegitimate reasons, e.g., misuse of funds.
The same way that, e.g., a publicly traded company can legitimately go bankrupt, without defrauding/ scamming customers.
The distinction of legitimacy/ intent was meant in reference to the legal usage. One can argue about these being logical.
- jqpabc123 3y ago.. but has the intent to take your money and not produce more value with it. You keep missing the point. "Intent" is an assumption here, not a fact --- and one that can be applied with equal veracity to any cryptocurrency.