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https://www.theguardian.com/business/2009/oct/25/auditors-role-financial-crisis https://www.theguardian.com/business/2009/oct/25/auditors-ro... lol Crypto is
by birracerveza 4y ago
https://www.theguardian.com/business/2009/oct/25/auditors-role-financial-crisis https://www.theguardian.com/business/2009/oct/25/auditors-ro...
lol
Crypto is a tool to build a public financial system that minimizes the amount of trust needed. If you invest in DogeSpaceMarsElonCumMakeMeRichInu and lose money, it's not crypto's fault. You STILL have to do your due diligence and invest responsibly.
- birracerveza 4y agoI just noticed, before you rag me on about "in the last decade", the article closes with: >In his book on the Equity Funding Corporation fraud – the Enron of the 1970s – Raymond Dirks wrote: "If routine auditing procedures cannot detect 64,000 phony insurance policies, $25m in counterfeit bonds and $100m in missing assets, what is the purpose of audits?" More than 30 years later, investors are asking themselves the same questions.
- tsukikage 4y agoExcept that no matter how much due diligence you do, there is nothing to invest in in the crypto space other than endless rehashes of DogeSpaceMarsElonCumMakeMeRichInu. Disagree? Suggest three crypto "investments" that are not scams. Just three, with the entire ecosystem to pick from. Then let's check back in six months and see how many of them have gone the way of FTX.
- deleted 4y ago[deleted]
- birracerveza 4y agoBitcoin, Ethereum and Monero You're welcome