You are viewing a single comment's thread from:
RE: Why is eosBLACK worth so much?
Cryptocurrency is all speculation mix with ideas model on ponzi scheme tactic where developers unload the bag of tokens with promises of development.... Some of this would end badly but at least speculators can drive volume and some folks can get in and out of trades....
Lots of these projects offer no real value and in many cases don't need a token, they simply providing a retirement scheme for a few
None of the projects I have heavily invested in are like that. I totally agree that most of the crypto projects are like what you stated. But if all of them were like that, then we wouldn't have had a market of billions of dollars.
90% of crypto projects are like that and if you own a Genisis EOS account then you did invest in a project like that because up until the launch people were buying into a white paper and nothing more.
No, people were buying into a well known team. Dan and Blockchain capital are known widely in the crypto community. But that is not the case with eosBLACK.