BitClout Discussion

This is the purest form of speculation. When you invest in a stock, that company can utilize that capital to achieve something. Money bet on a creator’s reputation doesn’t actually help anyone achieve anything[bi][bj]. Instead of someone going to create value on their own, they're betting on someone, but not actually betting on their projects or ou... See more

But in its current form, betting on the relevancy of someone without their permission is BAD and plays into people's worst behavior ---> wanting to make money off of nothing, hoping that someone else will hold the bag. Even though it’s not the exact same, it reminds me of MLM schemes where you know there isn’t any underlying value, but you can sell... See more

You are not entitled to anything from the creator[c][d]. You are purely trading on their ability to stay relevant. This is really important, because they are positioning themselves as a "stock market for individuals", when the exchange does not operate like a stock market AT ALL. Stocks give you ownership of the asset itself. Of course, there is sp... See more

The most popular people are BUSY and don't have time to create sh** for their BitClout followers.

"Like Bitcoin, BitClout is a fully open-source project and there is no company behind it--it’s just coins and code". For something relating to people's identities, there SHOULD be responsibility there. There is a place for decentralization, but it is not with other people’s non-anonymous identities.

there are concepts behind BitClout that are great. But, the current model is best case: really lacking and worst case: illegal.