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Perhaps his debt was in bitcoins, so it also increased (as priced in USD)

• javert 13y ago
  That is correct. Trendon's whole scheme would have worked if the price of bitcoin had started falling, instead of rising so much.
  • javert 13y ago
    No, really, the debt to depositors was owed in bitcoins. Don't know why I'm getting downvoted. It is a fact.
    • joesb 13y ago
      If he convert all bitcoin to USD and bitcoin value went down, he can the previous USD to buy the promised bitcoin and payback.