News for hackers. Stuff that matters.
Re:The biggest crypto lending company is a ponzi scheme by avrionov on Thursday December 09, 2021 @09:54AM (#29497976)
This all true, but avast and the vpn industry are 2 orders of magnitude smaller than the crypto.
Re:The biggest crypto lending company is a ponzi scheme by marginalia_nu on Thursday December 09, 2021 @10:06AM (#29498119)
Crypto sure has a vested intrerest in making it seem that way: https://www.investopedia.com/news/are-cryptos-high-trading-v...
Re:The biggest crypto lending company is a ponzi scheme by gentleman11 on Thursday December 09, 2021 @10:27AM (#29498407)
> But there's a problem here: Some cryptocurrency exchanges have been faking their volume numbers in order to raise the visibility of their businesses and bring in more customers. That's easy to do in the less-than-transparent world of global crypto trading.

> Now, an effort is underway to force the exchanges to report real numbers.

I can’t believe this isn’t fraud of some sort already

Re:The biggest crypto lending company is a ponzi scheme by bhouston on Thursday December 09, 2021 @10:47AM (#29498714)
It is fraud, it is called wash trading: https://en.wikipedia.org/wiki/Wash_trade
Re:The biggest crypto lending company is a ponzi scheme by astoor on Thursday December 09, 2021 @10:05AM (#29498106)
And anti-virus and VPN industry problems don't pose a systemic risk to the Western economy (I say Western because China etc. have cracked down on cryptocurrency schemes).
Re:The biggest crypto lending company is a ponzi scheme by jacquesm on Thursday December 09, 2021 @10:08AM (#29498130)
Neither does crypto.