For those here who do not have any "skin in the game" at GAW/Zen... what is your purpose?
the purpose of this community, as it has always been - to uphold the integrity of bitcoin and cryptocurrencies in general.
I fear that people are going to lose out hard in the long run, and cryptocurrency as a whole is going to take a hit.
Just last night some fellow showed off how many hashpoints he had, saying he got a loan to buy the hashlets to obtain all those HP. I feel so sorry for people like that, because it was a poor decision he made based on the mindless cheerleading that goes on over at HT. In his mind the success of paycoin is a sure thing and he's taking MASSIVE risks thinking he's going to make the money back.
If this thing goes under, there will be a LOT of people out of a LOT of money who will probably never come back to crypto ever again. IF this happens to turn out to all be a scam, it will only bring a bad name to Bitcoin and slow adoption even further.
Howabout all the people on btcjam that took loans for for hashlets..far too many people it seems borrowed funds from various sources to give to the all mighty leader