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by CyberDildonics
3680 days ago
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I have to say that as far as flawed systems of incentives go, the one outlined in the article seems pretty tame. I feel like it is something people don't understand in general and something that is often manipulated, but simply not paying attention roughly amounting to an implicit 'yes' doesn't strike me as a fatal flaw. That being said I think ethereum is very interesting but enormously risky (even more so than some other crypto-currencies). I think experiments like this are fantastic, but starting with 150 million is not. It would be much better in my opinion if it started with 1000 dollars and tried to grow from there gradually. As far as incentives go, 150 million is a huge incentive to play fast, loose, and dirty by any means necessary to get balance into keys you control and cash out. From what I've seen of kickstarter, the internet is WAY less skeptical than they should be and it seems everyone needs to learn the lessons of their grandparents on how not to lose money to false promises. |
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