4 ms·
I don't find your examples convincing. Like in banking and finance, everyone is fair until they are proven to be not. For example, Knight Capital, Bernie Madoff
by dig1 4y ago
I don't find your examples convincing. Like in banking and finance, everyone is fair until they are proven to be not. For example, Knight Capital, Bernie Madoff, SAC, The Galleon Group, or banks like Merrill, HSBC, Standard Chartered, and Deutsche, not to mention banks that went bust in recent years [1]... and yet, no one suggests that finance and banking world are scams.
As I mentioned, you need to know where to look, do your own research, and read numbers. Just like the above examples, they had some pretty unrealistic traces before they went down, but people wanted to believe otherwise.
[1] https://en.wikipedia.org/wiki/List_of_bank_failures_in_the_United_States_(2008%E2%80%93present) https://en.wikipedia.org/wiki/List_of_bank_failures_in_the_U...
- cuteboy19 4y agoIn most of your examples the customers were not harmed and in some of them even the investors were made whole. A lot of people faced criminal investigation for their actions. This is what I mean when I say scams are incentivised. When a project you hold gets rugpulled, you have two choices: either hunt down the people who scammed you and get your money back (unlikely), OR shill your coin to as many people you can with the hope that some other greater fool will agree to hold your bags. Most crypto communities chose option B. Some even go as far as to defend the rugpullers so as to restore some legitimacy to the coin. The celcius people are a good example of this, but any bsc shitcoin will have the same process.