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RE: Why Shapeshift's PRISM is a Scam.
What is the point of the smart contract if shapeshift act as collateral? and how is shapeshift going to pay profit? I don't get it...
What is the point of the smart contract if shapeshift act as collateral? and how is shapeshift going to pay profit? I don't get it...
The point of the smart contract I expect is to trick you into thinking there is 0 counterparty risk. Really you are trusting that shapeshift will pay up when you withdraw so they are the counterparty risk.