Having once promised to ‘democratise energy’, Aussie block chain tech has become caught by the shadowy and unregulated world of crypto pump-and-dump schemes.
Thanks Michael - a good writeup. Unless a cryptocurrency is underpinned by a real asset and there is some mechanism to easily interchange for that asset, the risk of 'pump and dump' outcomes is high. Unless you are the pumper or dumper, best stay away from these currencies unless you have a real use case for transacting them.
Great write up! There was a story in the AFR covering Powerledger a few years ago and Dr Green successfully used for defamation. Must be a wild ride for Powerledger staffers...
There was another crypto/energy storystory with AEMO realising they had some crypto tokens in their books following Project EDGE. They promptly offloaded them and upset the people holding the coins because it tanked the price.
Thanks Michael - a good writeup. Unless a cryptocurrency is underpinned by a real asset and there is some mechanism to easily interchange for that asset, the risk of 'pump and dump' outcomes is high. Unless you are the pumper or dumper, best stay away from these currencies unless you have a real use case for transacting them.
Great write up! There was a story in the AFR covering Powerledger a few years ago and Dr Green successfully used for defamation. Must be a wild ride for Powerledger staffers...
There was another crypto/energy storystory with AEMO realising they had some crypto tokens in their books following Project EDGE. They promptly offloaded them and upset the people holding the coins because it tanked the price.