Author Topic: Would you still invest in Crypto related projects, if you know it was a scam?  (Read 3 times)

Offline administrator

  • Administrator
  • Newbie
  • *****
  • Posts: 28382
    • View Profile
A few years ago, we had the "Cloud mining" phenomenon and most people were warned that it was a Ponzi scheme, but they

still invested. A Ponzi scheme is a form of fraud in which a purported businessman lures investors and pays profits to earlier

investors using funds obtained from newer investors. Source : https://en.wikipedia.org/wiki/Ponzi_scheme

I still see some of those types of schemes around, so I was wondering if these schemes has changed their business model or

if people are knowingly investing in these schemes. 

I know Ponzi schemes are legal in some countries, but most of these schemes are advertised globally, so they should not be

legal in countries where they are classified as being illegal. 

                                  Would you still invest in something, even if you know it is a scam?