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A comment on The biggest crypto lending company is a ponzi scheme. Parent comment

Re:The biggest crypto lending company is a ponzi scheme by nprz on Thursday December 09, 2021 @11:06AM (#29499016)
Eric Schmidt just joined ChainLink as a Strategic Advisor[0]. If crypto is such an obvious scam like so many hn readers believe to be the case, why would someone like Schmidt ruin his reputation by joining a crypto company?

[0] https://www.prnewswire.com/news-releases/former-google-ceo-e...

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Re:The biggest crypto lending company is a ponzi scheme by igammarays on Thursday December 09, 2021 @11:10AM (#29499078)
Even Bernie Madoff had highly respectable people working with him.

edit: removed my comment about Schmidt not really joining, I see it announced on his Twitter.

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Re:The biggest crypto lending company is a ponzi scheme by Fiahil on Thursday December 09, 2021 @11:17AM (#29499182)
I don't know... but I think you're wrong: https://twitter.com/ericschmidt/status/1468308027296075778
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Re:The biggest crypto lending company is a ponzi scheme by namdnay on Thursday December 09, 2021 @11:22AM (#29499280)
If I understand correctly, Chainlink are selling "blockchain magic" to enterprise customers. Not exactly the same thing as the ponzi lending stuff
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Re:The biggest crypto lending company is a ponzi scheme by nprz on Thursday December 09, 2021 @11:39AM (#29499538)
ChainLink is an Oracle that provides real-world data to the blockchain. They're used by smart contracts like AAVE and Compound, things a hn reader might describe as "ponzi lending stuff".
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