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RE: Here we go again. South Korea bans ICO's and Russia is unclear on embracing or banning Crypto Currencies

in #bitcoin7 years ago

fraud fiat currencies

IMO fiat currecies is perfect money (although of course at the moment the system is sick because of abuses in the interests of banks). And crypto currencies is definitely a fraud and just a way to collect money from naive people for candy wrappers (ok, digital and hi-tech candy wrappers). But while the pyramid is growing and relatively small still we have a good chance to earn. Pay for all the last members of the pyramid, I hope it's not me!))))

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I don't think you understand anything about Crypto currencies or Blockchain.

Crypto currencies are essentially stocks. And a coin is a share. What is the difference between companies built on the blockchain and regular companies?

The difference is that companies built on blockchain is the future.

Sure, there are some pyramide scheemes, and some companies wont make it - as in all emerging markets.

What is the difference between companies built on the blockchain and regular companies?

Companies on NYSE (for example) are a real bussiness, produce products that people need, have revenues, work in a regulated and auditable legal field, can be easily assessed by the investor by International Financial Reporting Standards.

Well..We will see ;)