The basic underlying idea behind the use and creation of cryptocurrency is to present financial freedom to everybody no matter where you find yourself in this world. But the volatile nature of these digital currencies got me thinking, what if the whole idea of blockchain and cryptocurrency is just one giant Ponzi Scheme?
That was only a
what if but it's not. Yes! Crypto or btc to be more specific can be used in Ponzi schemes but it doesn't mean that the creation of it was intended for those matter or any fraudulent activity in the first place. Of course it was for the good of us, however there are just people who use it for satisfying their greed which is very sad to know.
Within a short period of time, there have been about thousands of cryptocurrencies created. Majority of these digital currencies are either trying to solve problems of a particular cryptocurrency by presenting solutions they think can help improve financial freedom. This usually gets me wondering and thinking.
I see your point. Some of ICOs are legit, some are scam; some have a nice platform, some are just for the sake of pumping and dumping. It's now up to you on how will you look to those coins and whether you will trust them or not.