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.
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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