3 ms·

So what you're saying is that it's just a garden variety Ponzi scheme, and not anything original. If you put 12 times the capital, they'll pay you "14.5%" yield

So what you're saying is that it's just a garden variety Ponzi scheme, and not anything original. If you put 12 times the capital, they'll pay you "14.5%" yield on the principal. The moment they run out of fools to put this massive amounts of cash on the pyramid, it will go down as all Ponzis do. Crypto must die at this point, it's the only solution to this mess.

roody15 4y ago
Crypto like Bitcoin is fine. Exchanges that are stealing money are the problem. Confusing the two is a mistake IMO
- lottin 4y ago
  Exchanges are a crucial part of the bitcoin economy. Miners need to sell the bitcoins that they earn in order to pay the bills.
  - roody15 4y ago
    You can sell and transfer bitcoin directly without any need for an exchange.
    - lottin 4y ago
      Sure and you can buy groceries directly from the farmer. It's just not practical at any meaningful scale.