3 ms·
This might be the same problem as libre open source software: Anyone can search for evidence of fraud (or software bugs) but not many are doing so.
by incone123 4y ago
This might be the same problem as libre open source software: Anyone can search for evidence of fraud (or software bugs) but not many are doing so.
- georgeecollins 4y agoThis! It's so obvious from the buy / sell ratios of coinbase that they are fueled by millions (or 100ks) of small investors investing $10k or less. Joe consumer isn't going to sue over a bad investment. I am guessing that polygon, gamestop is similar. Also the counter parties aren't major US companies, they are often small to mid cap LLCs. So when the thing they push collapses they sort of fade away. If this were a major US company ripping off say a US bank, there would be investigation. But a small start up (I'm thinking of the issuers, not coinbase) ripping off people all over the world for $100- $20k with false promises-- it's practically a victimless crime. Coinbase and the exchanges aren't necessarily guilty of this but they are complicit.