There is no regulation in the crypto world so it is easy to make allegation as it is easy to make scam
Most ordinary people i talk about crypto think it is all a scam , a ponzi scheme to be exact.
Only time will tell what Bancor is
Most ordinary people i talk about crypto think it is all a scam , a ponzi scheme to be exact.
Only time will tell what Bancor is
Parallels can be drawn between Ponzi schemes and any sort of rising asset, with the arguement being that if you were to try to sell every single share for the total market cap you'd crash the market because the marketcap is only represented by about 20% of it's current value. This basically means that the rising stops when new people stop entering the market with fresh cash, in essense, a bubble.
I definitely think that Bancor and the other instant ico's are a very obvious way of premining coins and putting them into a select few's hands. All of that Ether floating around more than likely just went from one friend's hand to the other, all the while getting a huge chunk of the Bankcor action.
I'm surprised to see Tim Draper backing this, but I definitely am not interested just BECAUSE he backs it. Billionaires can be shiesty too you know haha.
