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by justboxing 2916 days ago
> are the ones who have already bought in and will benefit most from others being convinced of its value and buying in as well.

Yes. Pyramid scheme. Rather than passively waiting for others to be convinced of it's value, most of the scam coin ICOs actively pay influencers on twitter[1], reddit and telegram and other channels a lot of money to shill / "promote" their sh*t coins...

[1] $105K for McAfee to tweet: https://www.theverge.com/2018/4/2/17189880/john-mcafee-bitco...

Related: If you ever wondered how ICOs get a lot of attention even if they suck here are some hints. => https://www.reddit.com/r/CryptoCurrency/comments/8g8opf/if_y...