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One thing I've noticed about the crypto crowd is many of them seem to genuinely struggle to differentiate a scam from a legitimate business. Some are obviously
by lottin 5y ago
One thing I've noticed about the crypto crowd is many of them seem to genuinely struggle to differentiate a scam from a legitimate business. Some are obviously scammers, but others it seems they don't really know what they're doing... they think they're running a business.
- kordlessagain 5y agoMost of them would struggle to understand how the shit works as well.
- miohtama 5y agoLike with all businesses, there is a difference between failing for right reasons (tried hard, run out of runway) and wrong reasons (lied to the investors). Unfortunately unsophisticated investors do not understand the difference. I have collected some of the cases and different points on my post here, including the infamous OneCoin: https://capitalgram.com/posts/history-of-cryptocurrencies/ https://capitalgram.com/posts/history-of-cryptocurrencies/
- snotrockets 5y agoNo wonder: there aren’t any legitimate businesses. It’s all speculation and money laundering. No other reason to not use real money