Paradox uses Hex another crypto scam to try to prove to Coffee that their coin isn’t a scam : LivestreamFail

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In crapitalism, lending creates wealth, so it’s never zero sum from that frame of reference, even in the wild west of crypto. There is no de facto difference between printing fiat vs an ICO by developers. The only difference is the credibility of the institution or organization involved in the process and the credibility and regulation of the initial recipients.

As we speak, there are over 22,000 token types circulating.

Of that 22k, there are only about 150 or so with recognized utility and a strong backing of developers and users. Of that 150, 1/3 or less have any “investment” value (ie, designed or expected to generate greater returns over time). Originally, crypto price action (according to the cypherpunks) was not intended to be another nasdaq tech stock but now with less rules and regs. It was supposed to be a parallel transaction, finance, and ultimately market system with low vol programmable currencies, overseen by a global class of disenfranchised and decentralized developers.

The cypherpunk vision is still happening, regardless of the price of a token. However, the idea that crypto will make ‘honest’ people rich like wall street made people rich, is the scam itself.

In this world, the only guaranteed way to make a lot of money, is to start with a lot more money.

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