remember the pirateat40 bitcoin ponzi scam? he was paying 7% interest A WEEK on deposits and all these copycat "funds" popped up paying 6% or 5% or whatever tha

remember the pirateat40 bitcoin ponzi scam? he was paying 7% interest A WEEK on deposits and all these copycat "funds" popped up paying 6% or 5% or whatever that were "safer". when the original ponzi collapsed all the "safer" funds were revealed to have just been taking their deposits and depositing them with pirateat40 and pocketing the difference. the whole ecosystem collapsed