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It boggles my mind that people don’t become a tad skeptical upon seeing such claims.
by FabHK 5y ago
It boggles my mind that people don’t become a tad skeptical upon seeing such claims.
- miohtama 5y agoGreed and lack of education.
- vmception 5y agoBecause there are many fully collateralized products in the crypto space that offer those kind of returns. There are many custodial solutions that offer access to those products Many people have no clue about the difference between custodial and noncustodial solutions And even if they are aware, it then becomes impossible to discern which custodial solution is more legitimate or has more assurances of security
- FabHK 5y agoSorry, no “fully collateralised” product delivers 10% return per day, doubling every week, turning 1$ into a million billions within a year, enough to buy the entire GDP of the USA over that same year 50 times over. (Or, if there is such a product and you have access to it, let me send you a dollar, and you give me the US GDP in a year and keep the other 49 US GDPs for yourself for services rendered).
- vmception 5y agoYou asked why, I told you If you dont understand that market then you will keep adding irrelevant conditions None of the crypto products offer those yields for very long, there are enough different products that capital can keep moving between them to sustain a given rate to investors Whatever is being offered - from the legitimate services - is not different than what banks had been doing with customer deposits Like I said, WHY people pile into any particular custodial solution is because they cant or don't want to discern If you want to debate about the skepticism that should have been lobbed at a compounding version it doesnt add anything to the discussion Outside of crypto nowhere is offering 10% on anything over really any time period, inside of crypto services are offering 1000% of percent briefly with any managed solution being able to give 10% comfortably, it would be easy to make slightly more enticing accounting and easy for an investor to not be able to discern which tweak is the bad one. Many people also just like high yield investment schemes and plan to get out before the mathematical impossibility rears itself
- ykevinator3 5y agoTo be fair the population was pre-filtered for bitcoin enthusiasts
- dorgo 5y agoIsn't it just a math excersice? If the probability that the claim is true > 7% then you win.
- majani 5y agoA lot of people walk into ponzi schemes with full awareness where they hope they'll make bank and cash out before the music stops