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> I am dumbfounded by how rich the history of fraud and failure surrounding them is. Thats just because of overexposure. Benign routine frauds are masqueraded
by ringaroundthetx 9y ago
> I am dumbfounded by how rich the history of fraud and failure surrounding them is.
Thats just because of overexposure. Benign routine frauds are masqueraded as international news just because ico/blockchain/bitcoin is involved in some capacity.
I guarantee you there were ten times more 30 million $ frauds over the same amount of time, buried within SEC enforcement circulars, DOJ enforcement circulars, FTC enforcement circulars, let alone amongst state agencies, let alone in other countries worldwide.
- fullshark 9y agoSure but is there a single ICO that has proven to have any value at all? It's the entire game as opposed to a sideshow.
- ringaroundthetx 9y agoI use some projects and don't mind using or being paid in their respective tokens. That is a value greater than 0 as long as I exist. Now multiply me by 10,000 and the answer is yes?
- wpietri 9y agoI'm not sure I know what a "benign routine fraud" is. If there are 10x more frauds in the rest of the world, then that's not very good. The blockchain world having 9% of total major fraud is a lot given that it's not even 0.009% of total economic activity.
- ringaroundthetx 9y ago> 10x haha, I gave an example of numbers there's nothing quantitative to run with. 99.9999% of transactions on/involving a blockchain are not fraudulent or part of fraudulent projects.