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> The entire premise of crypto is that it's unlimited, ungoverned finance - which also means unlimited fraud opportunity. True, but a lot of modern cryptocurre
by michaelt 4y ago
> The entire premise of crypto is that it's unlimited, ungoverned finance - which also means unlimited fraud opportunity.
True, but a lot of modern cryptocurrency businesses have been spending a lot of marketing $$$$ on buying a veneer of legitimacy.
Smart investors know that just because they've got reputable investors, famous board members, favourable press coverage, celebrity endorsements and a sports arena named after them, doesn't mean that This Time It's Different.
But I can understand why a naive investor might fall for the marketing.