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Old 08-07-2023, 12:37 AM  
jscott
So Fucking Banned
 
Industry Role:
Join Date: Feb 2001
Location: Taipei
Posts: 25,198
Quote:
Originally Posted by $5 submissions View Post
I can't believe people still fall for this ish
The shit show at Luna and all the other garbage SBF and others were involved with haven't taught a lot of people enough...
I hate to say it but most of Crypto is a ponzi except BTC and possibly a handful of other projects
Agreed. And, sadly, on the roughest of economic times is when the ponzi's come out full force. They prey on the desperate. We've had sooooo many opportunities to learn from past ponzi's/scams and protect ourselves from future ones, but greed fills the eyes of desperate people. Fact is, everyone loves the idea of high return with no/low risk, which is not sustainable unless temporarily through ponzi, or we could compare it to "investing by gambling".

Bitcoin has no central authority to reel in new people, it only exists, and is more secure than any database on Earth. Sorry, to those of you who are interested in it, BTC has nothing to offer but that, to exist and to transact safely & securely. No referral marketers or central authorities who claim that high yields will be paid at little/no risk.
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