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by crosser
1297 days ago
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> Coin generation and distribution, particularly when coins can be traded for fiat currency or goods, creates an incentive mechanism to keep the P2P system running. Ability to trade for fiat currency proved to be a mixed blessing at best, and a downfall at worst, of this approach. When a system is so lucrative as a vehicle for ponzi schemes, it inevitably gets hijacked, and becomes unable to serve its declared purpose. |
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