On: BitClout collapses everything into money

[jude-]

Let's see here:

* Closed source

* You can buy but not sell tokens

* Anonymous, unaccountable developers

* They send your seed phrase to their servers [1]

This is a blatant scam, and New Yorker should be ashamed of themselves for giving it oxygen.

[1] No, really, they do this. https://mobile.twitter.com/_prestwich/status/137996387179279...

[chrisweekly → jude-]

> "BitClout uploads your keys to their server on every API request. Any employee with access to that server can steal all the money on the platform at any time"

!!

[moepstar → jude-]

This comment really should have more visibility - since the article isn't written too critical and reads more like a fairytale..