News for hackers. Stuff that matters.

A comment on Crypto’s hottest game is facing an economic maelstrom. Parent comment

Re:Crypto’s hottest game is facing an economic maelstrom by aunty_helen on Friday November 26, 2021 @02:29PM (#29353243)
There's 20 search results on this page at this moment for ponzi. HN missed the boat hard on this and there's a lot of sour grapes.

Technical folks have left the marketing chavs alone and they've taken a concept and made it something that we hate. We hate it so much we can't see its potential.

If a bunch of people put their money into a constrained system and the price goes up that doesn't automatically make it a ponzi scheme.

Edit: 28 search results now

[ Parent | on HN ]
Re:Crypto’s hottest game is facing an economic maelstrom by jazzyjackson on Friday November 26, 2021 @02:40PM (#29353350)
the attraction is the skyrocketing value as more people join in for fear of missing out - but once the growth levels off on one particular token, and it’s no longer the fastest growing asset, then the top of the pyramid cashes out and moves on

people are calling it out because we’ve literally seen it over and over again

[ Parent | on HN ]