4 ms·

And yet blaming victims will solve nothing but incentivise more bad actors that think themselves morally justified.

prvit 4y ago
How do you propose that this ages old scam could be “solved”? The “bad actors” are based overseas, largely out of reach of any realistic enforcement action. No amount of financial education will save these idiots. Perhaps the only realistic solution would be to further restrict personal financial freedoms, which hardly seems like a good thing.
kelseyfrog 4y ago
Between people are rational and they knowingly took risks and people are irrational and must be protected from themselves, where and how do we draw a line?
- hourago 4y ago
  On informed and uninformed people. Cryptocurrency companies sell their services to people that does not have the knowledge to understand what they are buying. Exotic investments should be limited to professionals that can evaluate the situation. That seems a good place to allow knowledgeable individuals to buy this kind of services and avoid companies and scammers preying on the general public. You may put the line somewhere else, but for me it seems reasonable.
  - prvit 4y ago
    This really has nothing to do with cryptocurrency though. This is just a classic brokerage scam, no different than the countless forex scams or Israeli binary options. This is a common scam that’s not at all exclusive to “exotic investments”. Cryptocurrency just happens to be the fashionable lure today. https://www.comtois.hk/investment-scams https://www.comtois.hk/investment-scams https://www.reddit.com/r/Scams/comments/i0s0zt/hong_kong_tinder_girls_and_mt4_mt5_scams/ https://www.reddit.com/r/Scams/comments/i0s0zt/hong_kong_tin... https://www.reddit.com/r/Daytrading/comments/mcdftj/magking_forex_its_a_scam_save_yourself_and_people/ https://www.reddit.com/r/Daytrading/comments/mcdftj/magking_...

How do you propose that this ages old scam could be “solved”? The “bad actors” are based overseas, largely out of reach of any realistic enforcement action. No amount of financial education will save these idiots. Perhaps the only realistic solution would be to further restrict personal financial freedoms, which hardly seems like a good thing.

kelseyfrog 4y ago

Between people are rational and they knowingly took risks and people are irrational and must be protected from themselves, where and how do we draw a line?

hourago 4y ago
On informed and uninformed people. Cryptocurrency companies sell their services to people that does not have the knowledge to understand what they are buying. Exotic investments should be limited to professionals that can evaluate the situation. That seems a good place to allow knowledgeable individuals to buy this kind of services and avoid companies and scammers preying on the general public. You may put the line somewhere else, but for me it seems reasonable.
- prvit 4y ago
  This really has nothing to do with cryptocurrency though. This is just a classic brokerage scam, no different than the countless forex scams or Israeli binary options. This is a common scam that’s not at all exclusive to “exotic investments”. Cryptocurrency just happens to be the fashionable lure today. https://www.comtois.hk/investment-scams https://www.comtois.hk/investment-scams https://www.reddit.com/r/Scams/comments/i0s0zt/hong_kong_tinder_girls_and_mt4_mt5_scams/ https://www.reddit.com/r/Scams/comments/i0s0zt/hong_kong_tin... https://www.reddit.com/r/Daytrading/comments/mcdftj/magking_forex_its_a_scam_save_yourself_and_people/ https://www.reddit.com/r/Daytrading/comments/mcdftj/magking_...