Are These Good Uses of Crypto Currency: Crowdfunded Lawsuits? Earning a Minimum Wage Playing Video Games? Rewarding Students at School? Or Are These Ideas Just A Way For Scams & Dishonest Behavior?  episode artwork

EPISODE · Jan 27, 2022 · 45 MIN

Are These Good Uses of Crypto Currency: Crowdfunded Lawsuits? Earning a Minimum Wage Playing Video Games? Rewarding Students at School? Or Are These Ideas Just A Way For Scams & Dishonest Behavior?

from The Best Paragraph I've Read... · host Zac & Don

The Best Paragraph I've Read: "The way it works is a little like a crypto-infused and lawsuit-focused GoFundMe, if the crowd stood to profit from their investment. The company takes advantage of a rule created through former President Barack Obama’s JOBS Act, which allowed a private company to crowdfund up to $5 million from Americans, regardless of their wealth. Using the Avalanche blockchain, Ryval will allow “all investors regardless of accreditation status” to purchase tokens associated with a specific case and then hold or trade them on the open market. Whoever owns the token at the time of a settlement or verdict then cashes in." This paragraph comes from www.vice.com.  The article is titled: "Tech Startup Wants To Gamify Suing People Using Crypto Tokens."  The article is written by Maxwell Strachan.  You can read the article here: https://www.vice.com/en/article/v7d7x3/tech-startup-wants-to-gamify-the-us-court-system-using-crypto-tokens Zac and Don discuss whether crypto crowdfunded lawsuits are a win for the average person or just an excuse to increase frivolous lawsuits.  They also talk about the increasing use of crypto currencies in developing nations and the people who are earning a minimum wage by playing crypto video games.  Finally, they wonder if crypto could have a role in education and student achievement. The following articles are also referenced in the discussion: Wired.com: We All Need to Stop Only Seeing the Dark Side of Crypto https://www.wired.com/story/crypto-remittances-cuba/ Wired.com: The Escapist Fantasy of NFT Games Is Capitalism https://www.wired.com/story/escapist-fantasy-of-nft-games-is-capitalism/

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Are These Good Uses of Crypto Currency: Crowdfunded Lawsuits? Earning a Minimum Wage Playing Video Games? Rewarding Students at School? Or Are These Ideas Just A Way For Scams & Dishonest Behavior?

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