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Fraud is criminal activity, I'm not talking about that. Corporate shield does not protect you from criminal law. Do Kwon probably should do jail time. The comme
by chrisco255 4y ago
Fraud is criminal activity, I'm not talking about that. Corporate shield does not protect you from criminal law. Do Kwon probably should do jail time. The comment I was referring to had to do with a civil lawsuit.
- ForHackernews 4y ago> Do Kwon probably should do jail time. Why? These ~~marks~~ investors wanted free unregulated finance on the blockchain, and they got it. Where's the crime?
- tehlike 4y agoInvestors also wanted to invest in a ponzi with madoff - does that make it ok?
- ForHackernews 4y agoI don't think they knew they were putting money in a Ponzi scheme. They thought the gains were coming from real investments. People who spent money on Terra/Luna knew it was a cryptocurrency that used magic computer maths to make numbers get bigger (until number got small), same as all the other cryptocurrencies.
- tehlike 4y agoThat's a ponzi too, and no, your ordinary American only looked at the large yield and said oh, i should get in on that, even though, it was some sort of ponzi with funny dynamics. So no, it's still a ponzi, and no, most people had no idea.
- literallycancer 4y agoLuna/Terra worked as intended. It's not his fault people didn't read the white paper.
- tehlike 4y agoThat's really not how it works.