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There is always a finite amount of victims to be scammed, that is the fallacy of ponzi schemes over genuine investment strategies
by SQueeeeeL 5y ago
There is always a finite amount of victims to be scammed, that is the fallacy of ponzi schemes over genuine investment strategies
- captn3m0 5y agoCrypto went global while facing zero regulations - that is what let it become the longest running ponzi (?)
- meowface 5y agoIndeed, but I don't think we're anywhere near the limit yet. I don't know about exponential growth, but I would predict at least double or triple the amount lost to scams in 2022. (Barring some massive SEC/DoJ crackdown, or something. And even then, that'd only put a dent in it and would just scare away some US scammers. Most of the big ones are outside the US's reach.)