It’s amazing to me that enough people still believe in the crypto scam to keep pumping BTC above $15k. I guess they are still managing to mint fools at a fast enough pace to keep the price up.
What's collapsing again and again are the companies that try to force TradFi ideas onto the DeFi ecosystem. So, in terms of "crypto scam," there's nothing to see here.
FTX collapse, Tether operations have links to online-poker cheating scandals
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Re: FTX collapse, Tether operations have links to online-poker cheating scandals
#22It’s amazing to me that enough people still believe in the crypto scam to keep pumping BTC above $15k. I guess they are still managing to mint fools at a fast enough pace to keep the price up.
Re: FTX collapse, Tether operations have links to online-poker cheating scandals
#23Earlier quoted context omitted.
What's collapsing again and again are the companies that try to force TradFi ideas onto the DeFi ecosystem. So, in terms of "crypto scam," there's nothing to see here.
Every collapse has been self made. I don t see how the institution have anything to do with that.
Re: FTX collapse, Tether operations have links to online-poker cheating scandals
#24Earlier quoted context omitted.
What's collapsing again and again are the companies that try to force TradFi ideas onto the DeFi ecosystem. So, in terms of "crypto scam," there's nothing to see here.
[deleted]
I can too promise the moon and never deliver.
Re: FTX collapse, Tether operations have links to online-poker cheating scandals
#25It’s amazing to me that enough people still believe in the crypto scam to keep pumping BTC above $15k. I guess they are still managing to mint fools at a fast enough pace to keep the price up.
Re: FTX collapse, Tether operations have links to online-poker cheating scandals
#26Re: FTX collapse, Tether operations have links to online-poker cheating scandals
#27It’s amazing to me that enough people still believe in the crypto scam to keep pumping BTC above $15k. I guess they are still managing to mint fools at a fast enough pace to keep the price up.
Is everyone fleeing exchanges and just buying classic BTC and Eth?
Re: FTX collapse, Tether operations have links to online-poker cheating scandals
#28Re: FTX collapse, Tether operations have links to online-poker cheating scandals
#29I wonder if there are cases of large scams where the perpetrators are smart enough to avoid being caught. Not all criminals end-up behind bars. I suspect that some scams can go unnoticed for long enough. I also suspect that scam opportunities are exploding.
Re: FTX collapse, Tether operations have links to online-poker cheating scandals
#30I wonder if there are cases of large scams where the perpetrators are smart enough to avoid being caught. Not all criminals end-up behind bars. I suspect that some scams can go unnoticed for long enough. I also suspect that scam opportunities are exploding.
> perpetrators are smart enough to avoid being caught. IMO, many startups are scams on some level. VC A funds company X. VC A also funds company Y. Company Y 'decides' to use company X's hot new product and has a lofty enterprise license. This happens a few more times. Company X now has very large revenues, VC's friends at big-nation-bank decide it's time to IPO and cash out.
Source: a decade of VC funded Enterprise saas company selling experience