Is Filecoin a $257 million Ponzi scheme? [pdf]

Re:Is Filecoin a $257 million Ponzi scheme? [pdf] by baddox on Thursday November 30, 2017 @02:04PM (#15818515)

I don’t think that the existence of marketing firms involved in decentralized technologies is anywhere near as significant or mind-blowing of a point as you portray it.

There is no reason to expect or desire that, because Bitcoin is decentralized, there will never be any private for-profit organizations involved with Bitcoin.

Surely you wouldn’t say the same thing about, say, email. I’m sure marketing firms have worked with companies that offer services involving email.

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Re:Is Filecoin a $257 million Ponzi scheme? [pdf] by alexasmyths on Thursday November 30, 2017 @03:07PM (#15819025)

It's a fair point ... but ...

Making an email product and hiring PR to promote email I think is a little bit different than 'owning a stock and hiring PR to promote that stock'.

BTC is purely a speculative thing right now - and so hiring PR to pump up a purely speculative thing? "It's going to $10K and it's only going up, up, up!"

If they were promoting BTC as a medium of exchange and as currency, sure ... but as a purely speculative asset it's smells like a pump and dump.

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