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Same here. I’m also worried that a lot of people around the globe will lose their hard earned savings. Think about, it’s the first time in human history that a
by baxtr 9y ago
Same here. I’m also worried that a lot of people around the globe will lose their hard earned savings. Think about, it’s the first time in human history that a Ponzi scheme can go global thanks to modern communication tools and low barriers to participate. Most coins/ICOs are currently selling a dream. Nothing more
- rburhum 9y agoNot to be nitpicking, but Charles Ponzi and Madoff did fraud at global scale.
- saalweachter 9y agoWhere Bitcoin really innovates in the Ponzi-space is decentralization. You could arrest Madoff and put an end to his scam, there is no easy way to shut down Bitcoin. It is like HYDRA.
- rburhum 9y agoShutdown exchanges in the US, South Korea, China and Japan and you'll see how quickly everything explodes. Just the mere suggestion that South Korea was about to do this tanked the market.
- baxtr 9y agoGood catch. I’m not familiar with the original Ponzi scheme, but as far as I know Madoff was targeting rich people. The crypto scheme has reached the gambling masses at scale