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And another amusing little wrinkle to this is that this recent btc pump and dump appears to have been driven in large part by an actual admitted ponzi scheme wi

by cb18 11y ago

And another amusing little wrinkle to this is that this recent btc pump and dump appears to have been driven in large part by an actual admitted ponzi scheme with no pretensions of appearing otherwise. https://duckduckgo.com/?q=bitcoin+mmm https://duckduckgo.com/?q=bitcoin+mmm https://letstalkbitcoin.com/blog/post/mmm-global-republic-of-bitcoin-cryptos-next-scandal https://letstalkbitcoin.com/blog/post/mmm-global-republic-of... https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company) https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company) https://en.wikipedia.org/wiki/Sergei_Mavrodi https://en.wikipedia.org/wiki/Sergei_Mavrodi

herendin 11y ago
Though you love using the extremely incendiary term "pump and dump" in your numerous comments, you obviously don't even understand it. Look up a definition. A pump and dump is type of fraud that cannot, by definition, be "driven" by any true external factor, such as people buying bitcoins to invest in a pyramid scheme, as you've just suggested. Therefore your comment contradicts itself. Though it's not impossible that the MMM ponzi affected the bitcoin price, your comments are mostly lazy mud-slinging and weakly-founded opinions dressed up as facts. That's better suited to reddit