1 Level
40 Review
24 Karma
Review on Dentacoin by Aniruddh Ravel
Dentacoin
According to Nouriel Roubini: "an illegal cartel of service providers who are safe from price competition and in a position to gouge their customers. Dentacoin is a ridiculous cryptocurrency that can be spent only on dental services (and which almost no dentist actually accepts). It would be hard to come up with a better illustration of why business cartels are illegal in all civilized countries. Of course, the crypto-cartels would counter that customers who incur the cost of buying a token will benefit if that token appreciates in value. But this makes no sense. If the price of the token rises above the market value of the good or service being provided, then no one would buy the token. The only plausible reason for forcing the use of a token, then, is to hike prices or bilk investors."
Pros
- It has a trusted review platform
- Dentacoin has future plans to partner with UPS, Amazon, and Alibaba
- Dentacoin plans to implement its platform in phases, first creating a large treatment review database, then a habit building mobile app and educational website, dental insurance program, and healthcare database / dental record
Cons
- Very large total supply ( 1,841,395,638,392) which can even grow to 8,000,000,000,000 as its max suppy
- The core founding team has a little experience in the dental industry
