Leister
๐ค SpeakerAppearances Over Time
Podcast Appearances
It's just a cryptocurrency for EcoFlow.
And that's the compensation we're giving you as a way to thank you.
That cryptocurrency then has intrinsic value.
because it can be connected straight to the stock levels of the company without being tied to the stock market.
It's all about value and all about what the perception of value is for a given entity.
If you have a company that has a tangible asset sold on mainstream TV, you're not going to tell a scam.
You're not locked in discord.
We're talking mainstream product that just happens to have a cryptocurrency associated to it.
This that we're talking, the prohibition against wash trading is the only way a cryptocurrency project can thrive because it means you would not be able to do what every one of them do now.
which is just talk to a bunch of influencers, tell them to show the product plan on a future launch, pay tens of thousands of dollars to a wash trader to create artificial pump numbers.
So I can do a pump and dump graph.
You wouldn't be able to do that.
You can tell the influencers, the influencers, they're not going to have enough power to influence significant buy-in if they don't see that that price is pumping because the buy tendency is on the green.
sharp green.
It shouldn't be, but it is.
Whereas if you tie it to a real product, this is where real world assets, I think has a part to play.
If you tie it to a real product and you're outside the crypto bubble and you get to the mainstream by way of the product, you're going to have people that just take the tokens and do nothing with them because they see no value in them.
If they sit on them because they see no value in them, but they don't do anything with it, you're locking them out of circulation.
locking them out of circulation, if you get the right set token count, and this is a balance that nobody's perfected, even Bitcoin, if you get the right set token amount and you create that value, it's gonna naturally appreciate and take off under this kind of regulatory framework.
So I say, in my mind, as written, I'm not a fan of how this is done because there's too many loopholes.