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Edward Snowden invited to promote a Ponzi Scheme and exposes founder instead (2021)
- europeanguy 4y agoI would love to understand the working of a mind who believes that Snowden would promote their ponzi scheme.
- ScoobleDoodle 4y agoThe Ponzi scheme person might have believed that Snowden was a Russian intelligence asset and not a whistleblower. In which case they thought Snowden would have gone along with the scheme for self enrichment. But they were wrong.
- permo-w 4y agoI literally cannot think of a worse choice
- bombcar 4y agoMaybe Matt Levine?
- greesil 4y agoHe'd probably charge too much
- permo-w 4y agohas Matt Levine previously sacrificed his entire life for the cause of truth and justice?
- lern_too_spel 4y ago[flagged]
- retinaros 4y ago[flagged]
- throwawaysleep 4y agoHe supports crypto, so why not other schemes?
- kumarvvr 4y agoEgo, mainly. And a high risk / very high reward ratio. If he pulls this off, he will get a lot of money. If not, he will lay low for a while and come back with a new scheme. Basically, no real negative for the guy, as he would have made a ton of money in his previous scam. Desperation may be the alternative explanation.
- Octokiddie 4y agoThe article that Snowden cited: https://www.cbc.ca/news/canada/manitoba/sunil-tulsiani-speaking-event-1.3940271 https://www.cbc.ca/news/canada/manitoba/sunil-tulsiani-speak... is freely available. Tulsiani's reputation must be known to everyone involved in this organization, which certainly smells like a scam. What did Snowden hope to accomplish by first playing along, and then bringing this old case up again?
- Waterluvian 4y agoWow. Encouraging people to cash in RRSPs to invest in real estate. This person has no soul.
- kumarvvr 4y agoOnce a scammer, always a scammer.
- elashri 4y agoI think title should include 2021.
- MandieD 4y agoDone
- mustafabisic1 4y ago"But my advice to everyone on this call tonight is: Look up .." Wow, so elegant.
- deleted 4y ago[deleted]
- deepsun 4y agoI wonder if bad publicity is still publicity here. The hardest step here is to make people know about the "club". Then a charismatic salesman can persuade whatever. I've seen people being persuaded milk is black, bombs are food etc.
- dmix 4y agoThis is probably similar the debate around giving SBF a 'platform', which ultimately did almost nothing to help him, quite the opposite. In this particular case I doubt it provided much negative press for the scheme (AFAIK, it remained very niche) and the runners probably tried to memoryhole it as soon as possible. The only real gain was probably the run-up to the event where Snowden's name could be attached to it.
- jfghi 4y agoI find this somewhat hypocritical given his support of crypto.
- philippejara 4y agocrypto isn't a ponzi scheme inherently and allows for in his case dissidents cut off from financial networks to actually function.
- jfghi 4y agoYes, it has other potential uses than Ponzi scheme. However, when it’s advertised as a probable positive ROI it comes from being a ponzi. If that’s not accurate enough, one could then say that it’s remarkably ponzi-esque.
- ww-picard-do 4y agoUnless Snowden has advocated for crypto as an investment I don't see how he is being hypocritical. Has he?
- jfghi 4y agoId claim some hypocrisy in that one shouldn’t advise crypto while disavowing a Ponzi scheme as both result in monetary losses and are supported by aggressively false advertising and new entrants.
- than3 4y ago> crypto isn't a ponzi scheme... That's inaccurate. Most fiat currencies today are characterized with the same elements as those of ponzi schemes, its slower over time, but nevertheless it is the same elements with the central bank printing money from nothing. Crypto can be suborned into any existing ponzi scheme easily by allowing exchanges of these fiat assets and leverage from any of those fiat systems. Those crypto systems which have ballooned as a result of that would then accurately and appropriately be considered ponzi schemes, even though its just a small leg of the entire ponzi scheme. There is no effective way for an individual to tell inflows and outflows from the system, and any financial banker is aware of frauds that can create the illusion of price action through the use of leverage, and collusive wash-sale contracts (similar to options). That is how gold and metals commodities are largely suppressed. Without visibility, those frauds don't come to light, but visibility is a tradeoff when it comes to privacy, especially in 0 trust environments. Edit: If you are going to downvote, at least do the courtesy of explaining why. If you do not, it simply looks like some brainless person using a bot is trying to censor people, and any intelligent reader will see that for what it actually is. Put another way, use your words, or look like a shill.