> It would be like setting up a front-end to receive investments, and then depositing the money with Madoff. I'm not saying it's a legitimate business, just not a ponzi.
So, it’s neither legitimate nor a Ponzi. Cool, what is it then?
So, it’s neither legitimate nor a Ponzi. Cool, what is it then?
How much of the real value of cryptocurrency is not monetary? How much of the value is in the existential value of participation, e.g. Dogecoin?
Hanlon's razor.
Terra and the Anchor protocol should have appeared fraudulent to any expert from the very start.