> “Most people in the cryptocurrency space, with the intention of making everyone use it, with the intention of promoting it, end up making a very serious mistake,” Lopes said, “and that is to expose themselves.”
The endless promotion is required to keep the price going up, as it’s effectively a collectibles market and they need people to want to buy more.
I assume the biggest players will delegate their risk to others they pay to promote it for them.
I still think the entire space is silly and should go to 0. The masses don’t want it. It’s a small bunch of people who got involved early who will never shut up about it. It seems their path to success is starting to become their downfall.
OutOfHere•1h ago
You're making extended assertions about cryptocurrencies that are unqualified, complete nonsense, deceptive, and misleading. Being how off-topic they are, they do not even merit a retort.
The simple change that can come is that the promotions can be anonymized, potentially AI generated, not linked to any identifiable individual.
bediger4000•56m ago
Human cryptocurrency promoters already have a used car salesman vibe, just really bad. I hesitate to imagine how weird and bad an AI cryptocurrency promoter would be. I think an anonymous crypto promoter would be a non-starter, too, because they'd start out with even greater credibility deficit.
OutOfHere•48m ago
There are many ways of promoting something, several of which do not require disclosing one's identity. Imagine you were buying a vacuum cleaner -- why would you care who the promoter is?
Credibility comes from the quality of information shared and from the accuracy of one's predictions over time. In fact, the more powerful someone is, the more they have an incentive to lie.
al_borland•1h ago
The endless promotion is required to keep the price going up, as it’s effectively a collectibles market and they need people to want to buy more.
I assume the biggest players will delegate their risk to others they pay to promote it for them.
I still think the entire space is silly and should go to 0. The masses don’t want it. It’s a small bunch of people who got involved early who will never shut up about it. It seems their path to success is starting to become their downfall.
OutOfHere•1h ago
The simple change that can come is that the promotions can be anonymized, potentially AI generated, not linked to any identifiable individual.
bediger4000•56m ago
OutOfHere•48m ago
Credibility comes from the quality of information shared and from the accuracy of one's predictions over time. In fact, the more powerful someone is, the more they have an incentive to lie.