"Anything with “decentralized” or “blockchain” as part of its claim has tended to get a lot of capital. Venture capital firms can deploy capital into a token project, pump up a lot of hype for it, encourage users to come into its ecosystem with ponzi-like financial characteristics, sell their tokens to retail investors after a couple of years, and walk away with big gains regardless of the fact that the project had no long-term staying power." - LynAlden (npub1a2c…w83a)
Read more: https://www.swanbitcoin.com/the-implications-of-open-monetary-and-information-networks/
Nihal
npub1rk…48huy
2023-03-10 08:35:38
Author Public Key
npub1rkfzkgy6kxwg7e042hpv6x8r4zulsj7zcvrnxqk4jqf5zmpaq5yq948huyPublished at
2023-03-10 08:35:38Event JSON
{
"id": "53c34443a49efcbb2933bbd17ccf027f5101589fafc79ae3b6e09c94bd006094",
"pubkey": "1d922b209ab19c8f65f555c2cd18e3a8b9f84bc2c3073302d59013416c3d0508",
"created_at": 1678437338,
"kind": 1,
"tags": [
[
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]
],
"content": "\"Anything with “decentralized” or “blockchain” as part of its claim has tended to get a lot of capital. Venture capital firms can deploy capital into a token project, pump up a lot of hype for it, encourage users to come into its ecosystem with ponzi-like financial characteristics, sell their tokens to retail investors after a couple of years, and walk away with big gains regardless of the fact that the project had no long-term staying power.\" - #[0]\n\n \nRead more: https://www.swanbitcoin.com/the-implications-of-open-monetary-and-information-networks/",
"sig": "e2d4fc8f19382052820dea478e07140ce09412cda5802e342fc1a4c1afa930a25e8e53ba526ea3df582f5084273519095cef030185fcfb5acd98bebed4567d91"
}