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I don't think you understand what a Ponzi scheme is.
by driverdan 13y ago
I don't think you understand what a Ponzi scheme is.
- vesinisa 13y agoIf MtGox actually had much none of the BTC they showed on their clients accounts, it was exactly that – a Ponzi scheme. Not sure if it changes the matter whether they did it intentionally or not.
- driverdan 13y agoNo, that's a different type of fraud or downright incompetence. A Ponzi is when investors who are expecting positive returns are intentionally paid with other investors' money. That's not what happened here. Exchanges don't offer investments.