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A comment on CEO of porn cryptocurrency disappears with investor money. Parent comment

Re:CEO of porn cryptocurrency disappears with investor money by BWStearns on Monday January 08, 2018 @07:17PM (#16102284)
This also makes me wonder about another "scam".

* Buy some of coin X

* Use that to buy some cash equivalent good that has a return policy (longer the better)

* If X appreciates by the time the return policy is up, you return the goods, collecting the gains.

* If X depreciates you sell the goods for cash in USD which likely won't have varied much in the intervening time.

* Repeat, and you will have effectively captured 100% of the increase of X while completely derisked.

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Re:CEO of porn cryptocurrency disappears with investor money by asperous on Monday January 08, 2018 @07:20PM (#16102302)
No one will return you the original number of BTC for refunds for this reason. But if they did then this would work.
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Re:CEO of porn cryptocurrency disappears with investor money by tyingq on Monday January 08, 2018 @09:23PM (#16102997)
They would if BTC had dropped in value though. That's the rub. They choose the refund currency at refund time.
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Re:CEO of porn cryptocurrency disappears with investor money by BWStearns on Monday January 08, 2018 @08:00PM (#16102529)
The hardest part of that would definitely be finding the counterparty.
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Re:CEO of porn cryptocurrency disappears with investor money by taurath on Monday January 08, 2018 @08:41PM (#16102760)
I’m sure there’s a government or two that insists paying back exact currency amounts.
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