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three_seagrass | 3 years ago

>I'm frankly amazed that people with the ability to understand this alphabet soup mumbo jumbo keep falling for the same scam over and over again. Underneath all of the slick marketing and nerd posturing is a simple truth: these are all fractional reserve systems. Conceptually, they are no different than banks or pyramid schemes.

There are rational people who knowingly invest in ponzi and other schemes because they think they can get out before the music stops playing.

Some ultimately do, and some ultimately get caught.

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