Crypto currency ponzi schemes

It was shocking to hear two Chinese presenters in the crypto currency event caring only for raising more funds from naive Southeast Asia investors via social media and exchange endorsements to issue more crypto currencies like Ponzi schemes or network selling frauds (等同詐騙集团自己印钞)regardless any tech improvements and practical applications (接地氣) expected by formal investors. A country’s currency is supported by its wealth (land, natural resources, gold deposits, human capitals, etc.), but crypto currencies have none.




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