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Open up a crypto exchange, it's been amateur hour there for a good few years! Offer customers lots of impressive sounding derivatives features, and you can rake
by joosters 9y ago
Open up a crypto exchange, it's been amateur hour there for a good few years! Offer customers lots of impressive sounding derivatives features, and you can rake in the money. You don't even have to play fair, you can randomly close punters' positions at a whim, stage your own 'flash crashes' to force-sell some suckers, and eventually, when business has grown, your exchange can be 'hacked' and customer money can just vanish. Not your problem!
Existing exchanges have been amazed to find out that these 'hacks' aren't even the end of the money train, you can create derivates of the hacked money to let customers re-deposit and trade even further! It is an amazing new world of finance!