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taormina
on Nov 29, 2022
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BlockFi files for bankruptcy as FTX fallout spread...
Offering unrealistic returns paid from the fresh influx of cash based on advertising about the unrealistic returns until the whole house of cards collapses is EXACTLY what a Ponzi scheme is. How *isn't* this a Ponzi scheme?
https://en.wikipedia.org/wiki/Ponzi_scheme
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Search:
https://en.wikipedia.org/wiki/Ponzi_scheme