People are lured by easy money, without understanding the privacy implications of signing up for the block chain.

  • Moonrise2473@feddit.it
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    1 year ago

    ah thats why there are so many people willing to do this

    i wonder why the price is so high for something that’s already premined and does not offer anything new

    • hh93@lemm.ee
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      1 year ago

      Yeah - if everyone gets 50$ and only half of them cash out then it’s not possible to have enough demand to not make this thing fall into oblivion.

      I really wonder how they plan to keep the value up once it has settled?

      • Deestan@lemmy.world
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        1 year ago

        This thing doesn’t need to hold up a second longer than the time the founders need to sell most of their premined tokens.

        They likely can and will keep it going for a bit longer via money coming in from new investors.

        • hh93@lemm.ee
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          1 year ago

          The marketing cost seems to be insane though

          And developing such a high quality scanner also isnt cheap

          I feel like that current 2$ pricepoint can’t be the endgame the investors had in mind

          I don’t see how it’s going to rise further though