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Bitcoin has done 4x in some years and 10,000x in a decade. Unfortunately that has led people to believe that crypto is magic. Classic Ponzis and such mostly don
by wmf 1y ago
Bitcoin has done 4x in some years and 10,000x in a decade. Unfortunately that has led people to believe that crypto is magic. Classic Ponzis and such mostly don't work any more but if you add in crypto suddenly people are willing to buy in.
- SpicyLemonZest 1y agoClassic Ponzis are still very much around too. The SEC prosecuted a fun one last month (https://www.sec.gov/newsroom/press-releases/2025-71 https://www.sec.gov/newsroom/press-releases/2025-71) where they raised $91 million pretending to trade international bonds.
- FabHK 1y ago100%. That's why I'm so mad when influential people repeat the "crypto is the future of finance" nonsense. It is this uncritical hype that makes so many people vulnerable to crypto scams. Trump is doing it, Blackrock is doing it, it must be the best thing since sliced bread, right? No.