I thought that criticism was redundant when paired with a lengthy diatribe on what I thought a working product would need—apparently this was wrong.
For your project to be successful (be promising to contribute to) that those other running the other projects didn’t understand.
If you have a thesis like: “The other projects lacked crucial thing X but my project will have X” then that’s an argument that’s possible to evaluate.
I wasn’t aware that redditors coordinating in this manner would be less legal than a singular firm doing so—chalk this one up to lacking basic knowledge of the shape of the finance system.
It’s illegal to artificially inflate or deflate of the price of a security. Generally when it comes to individual companies intent to artificially inflate the price of a security is relatively hard to prove. If you however make an explicit deal to artifically inflate the price of a security, it’s quite easy in court to argue that this is what happens.
However even if you win the court battle, the court of credit card companies is still there to judge companies.
The iterated product would benefit from better anonymity, but I know nothing of cryptography or cryptocurrency and am trying to avoid premature optimization in that regard.
Cryptography doesn’t help you from being cut off from processing credit cards. If we would live in a world where people regularly pay with crypto that might be an alternative but we don’t live in that world currently.
But, are these objections important to you? To me, they all seemed like trivial things to quibble over—except perhaps the first.
Having good examples where the proposed framework would actually useful is important.
For your project to be successful (be promising to contribute to) that those other running the other projects didn’t understand.
If you have a thesis like: “The other projects lacked crucial thing X but my project will have X” then that’s an argument that’s possible to evaluate.
It’s illegal to artificially inflate or deflate of the price of a security. Generally when it comes to individual companies intent to artificially inflate the price of a security is relatively hard to prove. If you however make an explicit deal to artifically inflate the price of a security, it’s quite easy in court to argue that this is what happens.
However even if you win the court battle, the court of credit card companies is still there to judge companies.
Cryptography doesn’t help you from being cut off from processing credit cards. If we would live in a world where people regularly pay with crypto that might be an alternative but we don’t live in that world currently.
Having good examples where the proposed framework would actually useful is important.