Food for thought - If tomorrow a new coin called ExpensiveSlowCoin came out, would you invest in it? Would you call that a ponzi scheme if sales people asked you to buy?
Food for thought - So tomorrow a salesman comes to your house and asked you to invest in a coin called "ExpensiveSlowCoin", would you invest in it?
The "ExpensiveSlowCoin" has the following characteristics.
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At times, you're paying over $20 in transaction fees, sometimes more sometimes less.
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It is unreliable, transaction confirmations may take days to process.
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Vulnerable to chargebacks through RBF.
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Controlled by a centralized figure.
Source: http://ift.tt/2Azq3W8
- They don't care about investors money. Direct quote from the cofounder of bitcointalk.org "the market can go fuck itself." when asked what if the market prefers the opposite.
Source: http://ift.tt/2z6q9qz
- Controlled by banks and central authority.
Source: http://ift.tt/2mq2j3T
Sure, you may think the price keeps going up, just like BitConnect. But wasn't that how most Ponzi investors lost their money?
So back to the main question, would you invest in this or would you call it a Ponzi Scheme? I will let you decide for yourself.
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