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Did it actually raise 660m or was that the size of the "market cap" when it collapsed? if I sell 100 tokens for a dollar then convince someone to buy 1 token f
by throwawayReply 8y ago
Did it actually raise 660m or was that the size of the "market cap" when it collapsed?
if I sell 100 tokens for a dollar then convince someone to buy 1 token for 10 dollars, if I run off with the money I've not run off with $1000 even if it feels like it for the people left with tokens.
- vehementi 8y agoIn these situations they sell their bullshit tokens for real money (or BTC/ETH), so they would have run away with the actual money or something within an order of magnitude, not some fantasy "market cap".
- CurtMonash 8y agoIt sounds like they pulled the plug after as little as 2-3 months of supposed ~50% monthly increases. So the chance that the real money stolen is somewhere in the vicinity of 1/4 the apparent loss seems high. Your figure of 1/10 to be conservative sounds sadly sensible.
- halflings 8y agoThis is an ICO. The scammers got paid in cold hard cash.
- monochromatic 8y agoWell yes, but the question is how much?
- spookthesunset 8y ago> Well yes, but the question is how much? The irony being that the blockchain was intended to answer a question like this....