You’re failing to realize that value is socially derived.
You're failing to realize that lots of people/companies have a larger social presence than Satoshi Nakamoto and are thus in a much stronger position to derive value from their own crypto.
But most of these have had the good sense thus far to avoid crypto scams due to the potential legal issues. Kim Kardashian being one example of a prominent exception.
Corporations generally avoid creating cryptocurrencies because of the immense regulation and legal work they would have to do. And because banking regulation and compliance is generally out of their wheelhouse. Facebook tried it with their fiat basket backed stable coin.
jqpabc123|3 years ago
You're failing to realize that lots of people/companies have a larger social presence than Satoshi Nakamoto and are thus in a much stronger position to derive value from their own crypto.
But most of these have had the good sense thus far to avoid crypto scams due to the potential legal issues. Kim Kardashian being one example of a prominent exception.
https://decrypt.co/106533/kim-kardashian-ethereum-max-dismis...
coralreef|3 years ago