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> What if you thought you did the research and still lost everything? > the company compared its offerings to traditional savings accounts. Except where a bric
by version_five 4y ago
> What if you thought you did the research and still lost everything?
> the company compared its offerings to traditional savings accounts. Except where a brick-and-mortar bank like Citi was giving depositors less than 1% interest, Stablegains could offer up to 15%
Any kind of research would tell you this is a scam, without needing to investigate further than the second quote above. I think it should be illegal, but I have no sympathy for people who basically just were greedy and thought they were smart and got tricked into a scam.
- sumy23 4y agoThese aren't sophisticated investors. They saw a YC-backed startup and bought a marketing pitch. Sometimes you need to pity the fool.
- belter 4y agoOne of things where Western modern education systems fail, is basic Financial Management education. It should be a mandatory discipline from high school like Mathematics, Foreign Languages or Biology and others. You can be a University graduate and do not know how a mortgage works.
- maxioatic 4y ago> How can a savings account generate 15% interest? Through the miracle of DeFi. Yes, let me invest in miracles.