So the idea of cryptocurrency being used in place of bank accounts or things like that is a great idea. Using blockchain to keep track of who owns what is a very interesting theory on how our constantly online and digital future is going to go.
That being said, what ever these get rich scams that people have come up with using the idea of purely liquid currency is another ploy to part people from their money. It is disappointing but not surprising.
Everyone is trying to start their own currency so that they can create a pyramid scheme type scam. Everyone buys their currency with their actual money which then creates a surge in the value of the currency. Once the creator feels like they have reached a plateau, the plug is pulled and they walk around with everyone’s original money. Leaving the “Investors” holding the bag.
It is like a stock market scam, really. And I am still surprised by how many people jump onto these things.
I genuinely wonder about the planet’s future with the frequency of these things despite the warnings.
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