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If 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 whethe
by vesinisa 13y ago
If 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.