Moon obsession is bad and gives off Ponzi scheme vibes
1 min read
Few hours ago there was a post talking about potential 10$ price for Moons. A comment, defending the OP, suggested that there is no need for a use case, all it needs is hype.
Yeah, I agree, once in a while you will get great returns by gambling on a meme coin. However, getting rich by luring future investors in, while lacking an actual product is the definition of a Ponzi scheme.
If you are knowingly betting your fiat in a coin with no utility, you’re not a crypto enthusiast, you’re a gambler, you’re one of the reasons this community gets a bad reputation.
If you cannot offer a few actual use cases of distributed ledger technology, you’re not woke, you’re part of the problem.
If you do not constantly try to educate yourself and you focus solely on “how to get rich”, you’re better off in a casino.
It’s totally understandable that the demographic in 2022 is totally different than in 2016. But, for the love of god, every once in a while, remind yourself of the fundamentals, the value drivers, the actual use cases and the drawbacks of DLT.
Rant over. Bring me the downvotes.
submitted by /u/kathigitis
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