It sounds almost identical to a platform which went bust in the UK recently, FootballIndex, which allowed you to buy ‘shares’ in soccer players, with the promise of a dividend paid out over a number of years. You could also in theory sell the share to other people.<p>What happened is that the platform became almost completely reliant on new customers joining to pay out the old. If you’re thinking, well that sounds a lot like a Ponzi scheme, you’d be right.<p>When COVID hit snd football games were cancelled, ‘investors’ withdrew their money to spend on other things and the stream of new customers died out completely. The platform collapsed snd nearly everyone lost their money.<p>Won’t be going near it, and the fact that Clubhouse has been so quickly completely overrun by MLM hucksters who use it to pump each other’s products is a big strike against that platform for me too.
> If there is a scammer like an inventor who is doing a scheme similar to Theranos. They will have influence, and the wealth to back a BitClout currency, and once the scheme is busted the values will become zero.<p>You'll need to argue that busting the scam actually reduces their influence. Anna Sorokin got a 300k deal with Netflix right after getting out of prison. If she writes a book I'm sure there are some people that would be willing to buy it. Has the scam really destroyed her influence?<p>The OP also does not go on to make a case for WHY they think this is a scam. A sales person not answering your question does not make the company scammy.
The whitepaper claims that BitClout is a distributed database and anybody can run a node, but there's no public software that lets someone do that.
What a terribly written article. I know nothing of BitClout or Clubhouse.<p>Author claims “I don’t know how these things work.”
Then proceeds to deride them using a straw man “expert” who he paraphrases, can’t even be bothered to quote.<p>I’ve read more insightful commentary on truck stop bathroom walls.<p>Now, will somebody tell me what bitclout is, and can I have some?
Author seems to think creator coin price is tied to some magical measure of a person’s influence. It’s not. Price goes up when people buy the coin and price goes down when people sell it, that’s it.
To easier take “notes” ClubHouse you can record the screen on the iPhone, this will also capture the sound if you use the loudspeaker or AirPods. I EU you don’t have to inform that you are recording, as long as you don’t share the recording with anyone (only for you to listen to later)
First question is already not correct by the expert. Afaik the value of the USD depends on the GDP / economic output of the country. Money -exchange- can be tied to the other person accepting your value token or not.