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I wish people would stop associating this fraud with the cryptocurrency phenomenon. This had nothing to do with crypto. It was an ordinary ponzi scheme, they ju

I wish people would stop associating this fraud with the cryptocurrency phenomenon. This had nothing to do with crypto. It was an ordinary ponzi scheme, they just added "coin" to the end of their product's name because at that time cryptocurrencies were already very popular.

II2II 5y ago
As an outsider, cryptocurrencies appear to be an ideal environment for fraud: most of the talk is around investing in it, its value is highly speculative, and it has relatively little uptake for its stated purpose. Even when a give cryptocurrency is legitimate, something that is difficult to discern through all of the noise, the instability in its value makes it a target for fraud.