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The sad part is that for a long time the 7% per week he promised was actually possible with arbitrage if you knew what you were doing (though probably not at t
by downandout 13y ago
The sad part is that for a long time the 7% per week he promised was actually possible with arbitrage if you knew what you were doing (though probably not at the scale he was operating at). There are a few more lawsuits/prosecutions likely in the pipeline - Bitinstant for one.
- awt 13y agoWhy Bitinstant?
- downandout 13y agoThey turned into a quasi-Ponzi scheme earlier this year. Until they shut down, they delaying orders, in some cases by months, and using money from new orders to pay for the old pending orders. Who knows where the money from the old pending orders went.
- zby 13y agoor MtGox