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> raising $660 million from approximately 32,000 people. Honestly where is this money coming from? Is there just that much money sloshing around in the world c

• orthecreedence 8y ago
  > Is there just that much money sloshing around in the world chasing after these harebrained ideas? No, it's probably based off market cap. Let's say I generate 100B tokens. I happen to con you into buying one for $0.01. Boom, the price of my token is $0.01 per coin, and I have 99,999,999,999 of them at a market cap of $1B. Only $0.01 of actual value has been exchanged, but I can now "exit scam" with $1B in supposed value. In reality, they probably had a few million, maybe tens of millions at most. $660M is a ridiculous number, probably only achieved by factoring their stupid coin's market cap in.