Hacker News new | ask | show | jobs
by encryptluks2 1867 days ago
That assumes there is no harm in what they are doing. A lot of these cryptos are more like pyramid schemes. Selling freezers is one thing, but if you know the freezer has some major defects and you continue selling them telling everyone how great they are while misleading them about issues then it is more like a scam. Don't get me wrong, some cryptos have the potential to make a lot of people money but often the people making the money are the initial investors not the public.
1 comments

> often the people making the money are the initial investors not the public

What is wrong with this? Of course people who believed in cryptocurrencies since the beginning have seen greater returns compared to people who started investing now.

Every investment disproportionally rewards early adopters. Stocks, even simple savings accounts.