That's a bit like saying that every public toilet that charges a fee is a scam. Surely there are scams and hype in this industry.
Fees are for inclusion of a transaction in a block. And some pretty clever game theory was implemented as part of eip1559 in Ethereum to make fees efficient and fair.
No, it's not, read Jorge Stolfi on this. While he insists the scam should be called a Ponzi, I am not sure of that , but the name doesn't change anything at all, we could call it a Nakamoto scheme as Preston Byrne did to avoid that particular debate.
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That's a bit like saying that every public toilet that charges a fee is a scam. Surely there are scams and hype in this industry.
Fees are for inclusion of a transaction in a block. And some pretty clever game theory was implemented as part of eip1559 in Ethereum to make fees efficient and fair.
No, it's not, read Jorge Stolfi on this. While he insists the scam should be called a Ponzi, I am not sure of that , but the name doesn't change anything at all, we could call it a Nakamoto scheme as Preston Byrne did to avoid that particular debate.