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I have to wonder if a lot of this is straight up money laundering. Were there seriously billions of dollars worth of gullible people buying ICOs and every rando

I have to wonder if a lot of this is straight up money laundering. Were there seriously billions of dollars worth of gullible people buying ICOs and every random alt coin a few years ago? On Reddit, there are tons of spammers selling "copy trading" services. Are there actually customers for that?

notretarded 6y ago
Yes
deleted 6y ago
[deleted]
gruez 6y ago
>I have to wonder if a lot of this is straight up money laundering Because the best way to clean your dirty money is to sell tokens (which are "totally not securities") and get investigated by the SEC.
Stevvo 6y ago
In the ICO boom, I worked on many of their products. For the most part, everyone from the CTO to contractors like myself knew the business plan was terrible and the founders were as deluded as the investors. We were just trying to extract as much money as possible from these companies before they went under. It worked. I was earning anywhere from $400 to $5000 an hour.