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The unstated implication is that these investment vehicles are for suckers, as in any ponzi scheme.
by istjohn 6y ago
The unstated implication is that these investment vehicles are for suckers, as in any ponzi scheme.
- gruez 6y agoUnlike a ponzi scheme (which is guaranteed to be a loss overall), a ISA token could theoretically work out for all parties involved. The article mentions that lambda school's business model is based off it. The problem is that the market for such tokens is a market for lemons, and the amount of due diligence you have to do to weed out the scammers vastly outweighs whatever risk-adjusted-returns you can get compared to the s&p 500. It's the p2p loan craze all over again.