Crypto lender Celsius looked a lot like a Ponzi, says state regulator(ft.com)
ft.com
Crypto lender Celsius looked a lot like a Ponzi, says state regulator
https://www.ft.com/content/7380ac24-76b1-4a3e-a2df-688ff4b6d0b1
3 comments
I guess that's a refreshing change from the pump and dump schemes we usually see in crypto.
How could this have possibly been foreseen?
Just another attempt at killing innovation and enshrining fiat to the detriment of small businesses, sustainable energy, and unbanked cultures worldwide /s
Yes, yes, decentralized Ponzi schemes are the way of the future
I guess centralized ponzi schemes are better: https://www.federalreserve.gov/monetarypolicy/reservereq.htm...
Capital requirements are still there. Banks taking deposits and lending it to people doesn't make something a ponzi. Having actual assets with real value and having the potential for liquidity problems is actually the opposite of a ponzi.