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Investors also wanted to invest in a ponzi with madoff - does that make it ok?

• ForHackernews 4y ago
  I 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 ago
    That'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.