/biz/ - Business & Finance

>>20476128
1 - They got fined by the SEC 500k and payback the original ICO investors back +/- 50 million dollars.
2 - Because of that they moved platforms development from Ethereum to Cosmos and new token called SCRT.
ENG Token bought on Exchanges pays back the original ICO investors when it hits a certain price.

https://news.bloomberglaw.com/securities-law/enigma-gets-500-000-sec-fine-for-unregistered-coin-offering

Not touching this coin with a 10 foot pole.

>>18541683
>>18541686
>>18545185

you dumbasses sit on here all day jacking off, wanting the dollar to collapse, meanwhile you price your most prized ponzicoin in... dollars. not only that but you want the price of the bitponzi to appreciate - in dollars - and you celebrate when the number goes up and lament when it goes down. say the dollar collapses, what happens the next day? all internet infrastructure is as ultimately reliant on the dollar as the rest of the world - subscriptions, wages, hardware maintenance etc. - no internet = no bitponzi coin transfers. you better be 'hodl'ing guns and ammo if the dollar (i.e. the world economy) collapses, not a digital ponzi token.

also, since bitponzicoin has literally no economy of its own outside of purchasing other digital ponzi coins in the hope they appreciate in price against the dollar, you cannot gauge the increase in its purchasing power as the price rises, this is an important metric to have, especially when the federal reserve goes brrrrr and prints trillions of dollars out of thin air and devaluates the dollar. so, could your bitponzi number to go up because theres loads of fresh liquidity sloshing about looking for a home? maybe. in theory it could hit 1 million dollars overnight if the fed brrrr'd 6 gorrillion dollars. is that a good thing? no, because you have to adjust for inflation, and besides that, your bitponzi has no purchasing power in the real world and zero utility. zero. none. nada. it is a digital beanie baby.

sorry to burst your bubble, bitbros.