8 ms·

Creating something doesn’t automatically make it valuable. You’re failing to realize that value is socially derived.

• jqpabc123 4y ago
  You’re failing to realize that value is socially derived. You're failing to realize that lots of people/companies have a larger social presence than Satoshi Nakamoto and are thus in a much stronger position to derive value from their own crypto. But most of these have had the good sense thus far to avoid crypto scams due to the potential legal issues. Kim Kardashian being one example of a prominent exception. https://decrypt.co/106533/kim-kardashian-ethereum-max-dismiss-lawsuit https://decrypt.co/106533/kim-kardashian-ethereum-max-dismis...
  • coralreef 4y ago
    Corporations generally avoid creating cryptocurrencies because of the immense regulation and legal work they would have to do. And because banking regulation and compliance is generally out of their wheelhouse. Facebook tried it with their fiat basket backed stable coin.
    • jqpabc123 4y ago
      Crypto isn't regulated at the current time --- at least not in the USA. However, the fact it isn't regulated doesn't mean they can't be sued in civil court for running a scam. This is what they are really afraid of --- see Kim Kardashian for an example. This is why crypto bros tend to hide their identify (Satoshi) or re-locate outside the USA and go into hiding once the scam collapses (the guys from 3AC). BOTTOM LINE: Selling electrons as money from your momma's basement is a shady business in more ways than one. Participate at your own risk.