Post
Topic
Board Altcoin Discussion
Re: Is FORSAGE a Ponzi scheme?
by
nonconformist
on 24/08/2020, 01:58:12 UTC
Yes, basically Forsage is a Ponzi scheme! So beware. But it is a glorified Ponzi scheme. Because it is using the Smart contract. But the thing is, like what I'm saying with crypto friends. THis is a new playing field for the MLM companies. MLM companies that will not adopt Smart Contracts will be in the losing end. Why? Who wants to wait for his commissions for weeks if in Smart contract you can have it in a matter of minutes. It's I think a revolution in a way. Vitalik Buterin opened up a Pandora's Box of infinite possibilities. Once it is in the Blockchain, it will be there forever. It is etched on stone. It cannot be changed. So as long as people are buying Forsage you cannot stop it. Because basically it is a play on greed of people. It will just keep on growing and growing. It will never stop unless people stopped believing in it. Or just moved on to new things.

But this is what I can say with that. Definitely, it will usher in the new wave of masses towards crypto. Albeit it bad or good.