It feels more like a con magnificent pyramid that the master builder may himself believe. Only certain type of people can do it. It is ... captivating. You almost feel that you .. have to buy those "assets". It does not matter that they are just derivatives of each other, with the eventual, solid backing in altcoins such as BBR, NXT or BTCD. The ... network is the keyword. Has always been. Network has value. It does not matter what actually is the supposed earnings model. The big unifying network becomes all the more valuable the bigger it gets. If I can just create a system where the person in the inner edge is marginally better off than the person in the outer edge, given time, all people join my network and the value becomes infinite. I can monetize this infinite value now ... by just offering these shares ...
It does feel like con to me too sometimes. How can one guy do all this stuff? But I have read so many posts from jl777 that I believe I can see what he's doing. The crypto economy is so new, and around NXT where jl777 has been centered so far, it is less than 12 months old. Hard to comprehend but true. jl777 obviously has a unique combination of attributes
- amazing work ethic, every day 16 hours, his posting record alone is amazing
- obvious background in financial markets
- obvious coding ability
- inspiring communicator
If you put these two things together (unique moment in crypto history & unique individual in jl777) it isn't hard to come to the conclusion that jl777 and superNET and teleporting etc, are real opportunities, and there is nothing untoward going on under the surface here.
I was skeptical of jl777 for sometime too, then finally after much thought I came to the conclusion that the entity 'jl777' is probably going to deliver most of these things as he has promised. As time has gone on I believe 'James' has acquired some helpers, so I do believe 'jl777' is a group of people working under James' leadership, but maybe that is wrong, maybe James is an alien who doesn't need sleep.
I think the best way to view what's going now is to think about 19th century colonial expansion in the Western USA . The first settlers who went west to farm or dig for gold often didn't have the skills, experience, or work ethic to make a success of it. But if you look at the history of those frontier communities there were often individuals who settled in those fledgling towns who knew the potential, and had the courage and will and (most importantly) the skill and work ethic to carve out multiple opportunities at the same time. That's the difference between European aristocratic families, and the self-made families of 19th century USA. Self made people from pioneering communities could create vast empires out of nothing, because the potential and need was so great. There was literally nothing there in those towns, and everything had to be built. Do you do one building after another? No, you start building many needed things at the same time.
There was so much potential in those frontier towns that it was possible for a single individual to start off with very little and still amass a vast empire, so a guy might start mining, and then use his first earnings to buy materials to build a store, then become a supplier of general goods and mining equipment, then use those profits to start AT THE SAME TIME a brothel & saloon, buy up mining leases, operate a coach service to surrounding towns, and then help other people setup needed businesses in the town like a butcher, barber, doctor, hotel, stables, blacksmith etc each time helping another self-starter find their feet, and taking a percentage in their business, or maybe owning their premises and receiving rent.
Such an individuals would have appeared like jl777. "he owns half the town, he's the mayor, the sheriff, he literally has created 80% of the town". These people needed others to help them build their empires, and so most would have been working for mutual gain. You help me, and I'll help you. Some would have been ruthless too, and just like the crypto economy now, many of these towns had no official law enforcement, so the 'big man' became the sheriff, or at least organised for there to be a sheriff.
The people who seized the opportunity in the frontier communities could, and did do many things all at the same time because there was so much need for those services and businesses, and there wasn't much competition (most people would be content with working by day, and sleeping by night, or drinking or chasing woman) but some people in those communities could see the unique circumstances, and they worked incredibly hard, and with some luck, and co-operation from others, they amassed vast empires, but many would have had strong community support, because with out their efforts, those towns would have been like camping grounds in the wilderness for many years without them. If you were a first settler in a hell hole pioneering town, you would want a self-starter guy to start building the town, wouldn't you?
I am convinced that jl777 is just like those pioneering empire builders, and IMO there is nothing wrong with it at all. The crypto economy is still barren without basic infrastructure to function properly yet, but there is vast opportunity everywhere, and people like jl777 have the skills and work ethic, plus the communication skills and ethics to bond people together in a spirit of mutual co-operation to make things happen quickly, and to me it makes perfect sense that a lot of his projects are happening simultaneously.
Just like in a pioneering town, the farsighted business man would look down an empty main street and start imagining all the businesses that should be there, and so he can start helping to create them all at the same time. I know I am not like jl777, and could never accomplish what he will, but I am so glad to be able to invest in his projects and share in his efforts.
This is a unique time in crypto history, and jl777 is a unique entity, but that doesn't mean scam.
