On: The biggest crypto lending company is a ponzi scheme

[nprz]

Eric Schmidt just joined ChainLink as a Strategic Advisor[0]. If crypto is such an obvious scam like so many hn readers believe to be the case, why would someone like Schmidt ruin his reputation by joining a crypto company?

[0] https://www.prnewswire.com/news-releases/former-google-ceo-e...

[_xnmw → nprz]

Even Bernie Madoff had highly respectable people working with him.

edit: removed my comment about Schmidt not really joining, I see it announced on his Twitter.

[Fiahil → _xnmw]

I don't know... but I think you're wrong: https://twitter.com/ericschmidt/status/1468308027296075778

[namdnay → _xnmw]

If I understand correctly, Chainlink are selling "blockchain magic" to enterprise customers. Not exactly the same thing as the ponzi lending stuff

[nprz → namdnay]

ChainLink is an Oracle that provides real-world data to the blockchain. They're used by smart contracts like AAVE and Compound, things a hn reader might describe as "ponzi lending stuff".