Ponzi Schemes, Private Yachts, and a Missing $250M in Crypto: Quadriga

Re:Ponzi Schemes, Private Yachts, and a Missing $250M in Cry... by Nuzzerino on Friday November 29, 2019 @06:25PM (#21667401)

Even the legitimate operations are overrun with incompetence. The lack of accountability and easy fundraising is a recipe for charlatans who have no business running a business.

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Re:Ponzi Schemes, Private Yachts, and a Missing $250M in Cry... by Scoundreller on Friday November 29, 2019 @06:35PM (#21667441)

Would love to see how much fundraising has covered fraud on the deposit side.

I guess we need to see one go public to find out.

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Re:Ponzi Schemes, Private Yachts, and a Missing $250M in Cry... by hanniabu on Saturday November 30, 2019 @12:47AM (#21668780)

You need to pay less attention to the ones that are running it like a business and more attention to the ones that operate as a decentralized organization building an open protocol.

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Re:Ponzi Schemes, Private Yachts, and a Missing $250M in Cry... by Nuzzerino on Saturday November 30, 2019 @05:28AM (#21669399)

Those projects tend to be fine until they get a marketing team, at which point they're a business no matter what they call themselves. I agree in principle though.

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