Hacker News new | ask | show | jobs
by ykevinator2 1634 days ago
There are 2 problems 1) there is no barrier to entry, anyone can start a currency so if A is too high, start B, and 2) it's all speculators trading, there are no consumers. It's not a scam so much as it is a pipe dream. But, a person can make $10 where 10 people lose $1 and that is what is happening.