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KuCoin CEO announces fund targeted at tackling FUD in crypto - YellowBlock

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by COINS NEWS 140 Views

I don't think this is a good idea for multiple reasons.

What happens when people, who did their research on something (exchange, company, token, etc.), and found really credible evidence for that thing to be corrupted in some way. Then this fund, and/or others like it, would go after these people and claim they are spreading FUD.

Imagine if there were whistleblowers within Celsius before shit hit the fan, but there were funds that were targeting these whistleblowers, and trying to "squash the FUD"?

Social media will always have this problem of lies being spread, and there is no possible way to silence everything which would potentially harm reputations. It's a matter of more positive voices and less negative voices. The market incentivizes the opposite.

The focus should be identifying why FUD is spread in the first place, facilitating a healthier market structure, etc., and not trying to do damage control on fabricated, unnecessary FUD. It simply won't work.


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