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Yes we see this comment rehashed on every crypto thread on HN, why? This article is about something specific. >McDonnell and CDM engaged in a deceptive and fra
by SippinLean 9y ago
Yes we see this comment rehashed on every crypto thread on HN, why? This article is about something specific.
>McDonnell and CDM engaged in a deceptive and fraudulent virtual currency scheme to induce customers to send money and virtual currencies to CDM, purportedly in exchange for real-time virtual currency trading advice and for virtual currency purchasing and trading on behalf of the customers under McDonnell’s direction
>In short, McDonnell and CDM used their fraudulent solicitations to obtain and then simply misappropriate customer funds
This raises some interesting questions: how do these schemes (which have been around much longer than cryptocurrency) differ when virtual currencies are involved instead of fiat?
- QAPereo 9y agoYes we see this comment rehashed on every crypto thread on HN, why? Because it still bears saying, especially given how many people are just looking for greater fools to hold their bag. Inevitably the replies include a barrage of whataboutism centered on “fiat currency” in an attempt to normalize or justify the cryptocurrency shitshow.
- woah 9y agoThis story has nothing to do with whether cryptocurrency is a bubble. It’s a simple instance of theft. Sophomoric prognostications on the future value of cryptocurrencies have nothing to add to the conversation about the article. This kind of thing is depressingly common on HN, and I believe the majority of them are written by people who have not read the article. They usually have nothing to do with the content of whichever article triggered them.