Is it really a grift when you are selling possible value to an investor who would make money from possible value?
As in, there is no lie, investors know it’s a gamble and are just looking for the gamble that everyone else bets on, not that it l would provide real value.
Is it really a grift when you are selling possible value to an investor who would make money from possible value?
As in, there is no lie, investors know it’s a gamble and are just looking for the gamble that everyone else bets on, not that it l would provide real value.
I would classify speculation as a form of grift. Someone gets left holding the bag.