this post was submitted on 31 Jul 2023
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People are lured by easy money, without understanding the privacy implications of signing up for the block chain.

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[–] [email protected] 6 points 1 year ago (1 children)

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?

[–] [email protected] 11 points 1 year ago (2 children)

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.

[–] [email protected] 15 points 1 year ago (3 children)
[–] [email protected] 3 points 1 year ago

Alright, I see what you did there

[–] [email protected] 3 points 1 year ago
[–] [email protected] 2 points 1 year ago

Yeah but with enough technobabble to slow down litigation until the money are squirreled away.

[–] [email protected] 3 points 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