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Another fantastic metric: compare the returns for storing or staking your crypto with them to the current sovereign interest rates. Is it offering Argentina/Tu
by tenpies 4y ago
Another fantastic metric: compare the returns for storing or staking your crypto with them to the current sovereign interest rates.
Is it offering Argentina/Turkey returns? Then they're probably the Argentina and Turkey of crypto.
- youessayyyaway 4y agoRate of return is a remarkably good metric for identifying scams. If they offer more than ~12.5%, run away. Avast, ye salty dogs: a piece o' eight ain't worth losing yer shirt over.
- zeven7 4y agoIMO your number is still too high
- youessayyyaway 4y agoMy actual red-flag point was closer to 8-9% pre-inflation. But that is less amenable to pirate jokes, and you can get I-bonds approaching 10% from the government now.