Wow was that bad. I've only head one blockchain idea so far that I think might have merit and that's the stock market. The gist of it is that you have all shares on a blockchain. Then it's a blockchain transaction every time you buy or sell.
It was being sold on two big benefits. The first being that it's faster than the current system and we could change T+2 to be almost instant. The other being that would create a solid record of who owns what so that we can better enforce things like naked shorting. Both seem like they could be good benefits but I really need to look into it more. I'm sure there's a con or two that they guy that was pumping the idea left out.
That doesn't seem like a serious amount to seek. You have to sympathize with the plaintiffs though. Who could have foreseen that Dogecoin was a massive scam?
I don't understand it but there actually is a crypto real estate company, called Propy. I know because a friend of mine works there and keeps talking about it on FB and i still have no clue what the hell she's talking about. She's based in Arizona I think the company is based in Florida. When she first brought it up online I messaged her and said be VERY careful that totally sounds like a scam to me and she said she'd done lots of research. She IS getting paid, but I still have this bad feeling at some point she's going to find out the whole thing isn't real.
Check out this Web 3 investor get challenged on a use case for blockchain.
I haven't heard of them before but a quick read of their website sounds like they're trying to use blockchain tech for real estate. Sort of like the guy was talking about in the video @Folster posted the other day (quote below). In a nutshell they're just trying to switch from one ledger to another.
I hadn't seen this video before. It's a really great illustrative example. Blockchain bro tries to give a concrete example of the fantasy world he's trying to sell people on, gets called on it, wriggles around, gets exposed as a fool, and eventually has to admit that he has no idea what he's talking about. Crypto in a nutshell!I haven't heard of them before but a quick read of their website sounds like they're trying to use blockchain tech for real estate. Sort of like the guy was talking about in the video @Folster posted the other day (quote below). In a nutshell they're just trying to switch from one ledger to another.
So apparently Celsius, the crypto coin that tanked and then froze withdrawals to prevent insolvency trapping investor's funds has convinced some amount of people that there is a short squeeze opportunity and is attracting new deposits that atey driving up the price again.
How transparent is this attempt to secure new investors and funding? And how stupid can you be to invest more money into this scam while they still have a freeze on withdrawals?
The bear market and crypto winter are not over folks. There is still more excess that needs to be purged.
So many apes on reddit but oh man when you start going down the rabbit hole, lots and lots of sophisticated investing going on there too.