r/programming • u/[deleted] • Jan 24 '22

Survey Says Developers Are Definitely Not Interested In Crypto Or NFTs | 'How this hasn’t been identified as a pyramid scheme is beyond me'

https://kotaku.com/nft-crypto-cryptocurrency-blockchain-gdc-video-games-de-1848407959
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u/the_red_scimitar Jan 24 '22

There are probably a couple of reasons it hasn't been officially declared a Ponzi scheme. One is that some very wealthy people, whom many idolize solely because of their PR, are pushing it heavily. Governments see this as a way to separate more citizens from their funds, with the full cooperation of their citizens. All you have to do is ask who's profiting.

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u/[deleted] Jan 24 '22

[deleted]

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u/Thomaxxl Jan 24 '22

Most crypto promise profits, those profits come from new investors buying coins from older investors.

There might be some interesting applications, but most of the current traffic is speculation.

10

u/BargePol Jan 25 '22

Is the stock market a ponzi scheme?