Mark Puddleglum on Nostr: What do you mean by ETH backed? Do you mean tokens created using the ethereum network ...

What do you mean by ETH backed? Do you mean tokens created using the ethereum network to deploy contracts/create tokens for fraudulent projects? These sorts of scams are evil. But, I don't see ethereum as being anything more than the technology that people can use to do harm (defraud) or to help others.