Hacker News new | past | comments | ask | show | jobs | submit login

Well, you make a fair point, expecting to get rich quick is obviously unrealistic. I think people like me got caught because with Helium at least the basic economic premise of "you are being paid to offer your internet uplink/bandwidth for use by others" makes sense. This is in contrast to some of the various crypto ponzi schemes where the only way for a token to gain value is for more people to buy into it.

If we took crypto out of the equation entirely and Helium was a startup offering payments in $ while not being transparent about their usage/adoption rates, would we feel the same way about those who "fell for it" and invested in miners? I'm honestly not sure.




It’s a standard MLM tactic to pretend like some product at the bottom of the pyramid makes economic sense to sell. E.g. Herbalife sells some kind of herbs right?




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: