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Stealing $10 billion from your users is always going to get more attention than launching a shit coin named after rats. For there to be positive coverage, some
by shapefrog 4y ago
Stealing $10 billion from your users is always going to get more attention than launching a shit coin named after rats.
For there to be positive coverage, something positive has to happen... like that kid on tik tok who bought a $2mil house and paid for his mortgage with the 20% interest paid on his 200k DeFi stablecoin holding. Now that there was a heartwarming and positive story.
- pavlov 4y agoAre you serious? Any investment that promises a guaranteed 20% annual return should be assumed to be a scam. Nobody should take a mortgage that they can’t afford to pay if the 20% magic interest vanishes. Real estate doesn’t just go up. The house value may be underwater when this financing scheme collapses and they’re forced to sell — and then their losses can easily be larger than the 200k they started with.