News about Ponzi Scheme

by COINS NEWS - 3 years ago

Are we all in a Ponzi scheme?

First let me start by declaring I own the following; Btc/eth/doge/zec/comp/uni/bat/xlm And I’m a huge believer of crypto and mass adoption. BUT….sometimes when I’m reading this forum and going through other people’s stories, I can’t help but think th...

More / Bitcoin Reddit - 3 years ago

It’s not a Ponzi scheme

I sometimes venture out to other media sources to hear differing opinions on Bitcoin. One that I have heard repeated more than once likens Bitcoin to a Ponzi scheme: that the only way you actually make money at is is by selling it on to a bigger fool...

by COINS NEWS - 3 years ago

Tether has over $60bn under their management and just 13 employees. That's a record, the previous record holder was Bernie Madoff's ponzi scheme with $50bn under management and 25 employees. Isn't this concerning given Tethers refusal to be audited?

Tether has just 13 listed employees on LinkedIn. Source There is just over $62bn Tether in existence, meaning Tether theoretically has $62bn under their control. Source That is over $5bn in assets per employee of Tether If that seems comically low i...