The Word Scam is Over Used
If you have been in the cryptogaming scene for a while, you know its still like the Wild Wild West. There are scams, dead projects, fake projects, you name it. To most of us early adopters, it all started with cryptokitties. I witnessed millions of dollars worth of ETH won and lost in their market place during its viral introduction to the market. Then came the hot potatoes. I was in early on CryptoCelebrites, and I alone earned over 25 ETH. Then I got greedy and played most of it back into CryptoCelebrites and they went dead. After that, came the pyramids. I skipped around doubling my ETH here, losing it in a scam there. Ultimately I'm still playing with ETH scattered all over the cryptogaming scene, but in my eyes its been mostly fair. It's all about risk and reward. For example a bunch of people are very pissed at CryptoCelebrities and they are screaming scam. In reality the game lasted for longer than almost all other hot potatoes. In my opinion, it died a natural death because hot potatoes aren't sustainable. When I made 25 ETH, someone/ppl lost 25 ETH. When I eventually got stuck and lost ETH, someone else won ETH from my purchases. Everyone is playing these games expecting to "earn" ETH, but they don't realize that is like going to a casino expecting to win. These are market games and with every buy there is a sell, with every winner a loser.
Let's talk pyramids. The pyramid is the most volatile. This means the risk is high, but also is the reward. If you can get into a legit pyramid early, you can make a bunch of money. Realize this means the people who enter later are paying for your profit. The risk is you might buy into a pyramid that isn't anything. I would call that a scam. You might also get into a pyramid too late. A few times I got into a pyramid right before the devs decided to sell their huge shares. The price tanked and I lost plenty of ETH. The other people that were affected like me started yelling scam. So I thought to myself, isn't the object to profit. Didn't the devs do what everyone else who is getting into the pyramid is doing.....Trying to 'earm' ETH. This made me realize what the true issue is... Community.
Community
This is what sets EtherStocks . Our community starts with our core team. We have come together mostly organically. Everyone is committed and invested. Most importantly we are not trying to make a quick buck. We are trying to build the best dividend based cryptogame backed by the most popular games in the scene. Having stocks connected to real cryptogames and their economy, will make a fun and exciting playing environment. This strong core and longterm vision sets EtherStocks.net apart. Although these games are still risk/reward, you can minimize your risk by going with proven and committed projects like EtherStocks
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