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A comment on Texas man charged with running $60M Bitcoin Ponzi scheme. Parent comment

Re:Texas man charged with running $60M Bitcoin Ponzi scheme by javert on Wednesday July 24, 2013 @02:58AM (#6094829)
That is correct.

Trendon's whole scheme would have worked if the price of bitcoin had started falling, instead of rising so much.

[ Parent | on HN ]
Re:Texas man charged with running $60M Bitcoin Ponzi scheme by javert on Wednesday July 24, 2013 @08:04AM (#6095640)
No, really, the debt to depositors was owed in bitcoins. Don't know why I'm getting downvoted. It is a fact.
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Re:Texas man charged with running $60M Bitcoin Ponzi scheme by joesb on Wednesday July 24, 2013 @08:13AM (#6095679)
If he convert all bitcoin to USD and bitcoin value went down, he can the previous USD to buy the promised bitcoin and payback.
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