against all odds, it finally happened. my interview with the CEO of Plutus. starts at 2:08
I asked about the 10% "CRY" (APY), 10% reward-back, as well as why their "consulting report" assumes no swaps, redemptions or selling.
To my surprise the CEO admits the platform was "built on sand".
Yet throughout our call, Plutus' CEO insisted that their new tokenomics, would solve all of this.
I couldn't quite understand how, especially since the new tokenomics offers MORE rewards, not LESS.
Magic Internet Money doesn't come from nowhere. For every reward, someone has to pay for it. Right now it appears to me that the people footing the bill are new customers who are buying "PLU" tokens to get higher reward levels. As that demand eventually falls, or the redemptions increase, this ponzi-like scheme is going to come crashing down.
Or at least that's my opinion.
highlights also include the constant waffling between them calling me a "troll" and journalist. And being damaging to the company, vs being good for PLUTUS because of the "exposure"
Back to work on bigger projects, this was a fun diversion.