RE: Investor Cat: What ARE These Investments... REALLY?
You are viewing a single comment's thread:
The somewhat alarming reality is that most projects are deliberately convoluted and obfuscated to the point where trying to really understand their workings seems almost impossible. There is no "explain this to me like I'm a 5-year old" version.
I don't think there is mean to be an explain it like I'm 5 version, because if you did, everyone would see the vast majority of such schemes and "projects" would be seen as not viable, unsustainable, and for lack of better words, scammy.
Being able to read between the lines is a lost skill for so many people.
It doesn't just apply to crypto projects, it also applies to advertising, finance offers, and other things where there is money involved, or a service changing hands, or a contract that isn't written in plain language.
I tried very hard for my photography business contract to be in the plainest, easy to understand language as possible. I could probably simplify it further - but the best thing is - I have never had any questions from clients asking for clarification on any sections in the three page document.
Yes, you're quite right — it applies to much more than just the world of crypto. It's pretty much a trend everywhere... I guess because we live in a world where nothing seems "worthy" of attention unless it makes outlandish (and totally unattainable) claims.
There is so much hidden stuff, everywhere. Most recently, I ran into a subscription service where you can "pause" your membership, but only buried somewhere impossible to find in the TOS was the small clause that "well automatically turn your subscription back on after 60 days and charge you up front."
Kudos to you for developing a plain language contract!
=^..^=