Re:The biggest crypto lending company is a ponzi scheme
by haskellandchill on Thursday December 09, 2021 @05:00PM
(#29503535)
You also expect to profit disproportionately from onboarding those less fortunate you refer to. How is it fair to them or anyone? Besides the technical limitations of blockchain I find the distribution of rewards grotesque.
Stephen Diehl is the most eloquent skeptic I've found (stephendiehl.com/blog.html). Much of the complaints point to unregistered securities fleecing retail (absolutely happening) or just overall complaints that humans are irrational (man yells at clouds). In light of his arguments, I still side on the perspective that this is genuinely new technology capable of giving the entire globe digital property rights. It's going to be a rocky road.