Anybody that is not skeptical about 7% weekly returns on anything is just asking for it. That's 33x your money in 1 year. How can that sound legit to anybody?
If you were following the Bitcoin forums at the height of the Ponzi, anyone who suggested it was a Ponzi was called a troll who was libelling pirateat40 by what felt like half the forum. Everyone insisted that unless they had actual proof it wasn't a genuine investment, they should shut up, and that the only reason for them to make a big fuss about it was to . This comment was about par for the course, and bear in mind this was after the scheme imploded: https://bitcointalk.org/index.php?topic=101377.0
A number of widely-respected members of the Bitcoin community supported the Ponzi and even ran pass-through schemes for it.
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If you were following the Bitcoin forums at the height of the Ponzi, anyone who suggested it was a Ponzi was called a troll who was libelling pirateat40 by what felt like half the forum. Everyone insisted that unless they had actual proof it wasn't a genuine investment, they should shut up, and that the only reason for them to make a big fuss about it was to . This comment was about par for the course, and bear in mind this was after the scheme imploded: https://bitcointalk.org/index.php?topic=101377.0
A number of widely-respected members of the Bitcoin community supported the Ponzi and even ran pass-through schemes for it.
At the same time— a lot of well respected people also called it out and did not participate.
(And made all the same points which are also obvious in hindsight...)
If you invest money with someone called "pirateat40" you get what you deserve.
Well, he did learn from Buffett, just the wrong one.
So what you're saying is that I shouldn't be trusting burnside and ThickAsThieves with my ASICMINER shares?