2021-07-16 04:44:00
Today a rather crazy story from the crypto industry. Depending on what you think about cryptocurrencies, it is either going to seem like a confirmation of their greatness or their utter craziness.
It’s hard to say what you should think about this project.
It’s serious and not serious at the same time. Serious, because it exists - and not, because it doesn’t really add anything new. It’s just another smart contract on Ethereum blockchain that comes with certain rules (1 million coin cap, $1 backing for each coin) - but just like nearly every other crypto token you can’t use it for much other than digital gambling.
Most of all, however, it’s a remarkable social experiment, which has so far, turned $1 into $150 based on little else than online social engineering and a few Youtube videos by a popular creator.
https://www.criticalspectator.com/p/youtuber-creates-a-crypto-coin-for
https://www.facebook.com/CriticalSpectator/posts/4020025898105107
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