In Nairobi, Bengaluru, and Hong Kong, our reporters found lots of people were eager to take the deal.

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

  • Moonrise2473@feddit.itEnglish
    3·
    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.eeEnglish
      2·
      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.worldEnglish
        1·
        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.eeEnglish
          1·
          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