Comment on SEC Charges Texas Man With Running Bitcoin-Denominated Ponzi SchemeparentComments−DanBC13yPeople wanting to discredit bitcoin would have left this scheme running and would not do anything to prosecute the people involved.That would make people worried about buying bitcoin because, simplistically, "Bitcoin = scams".−philhippus13yMy first thought at this story was that the action serves to legitimise bitcoin as a means of exchange. If the Ponzi scheme had been peanut-denominated, would the SEC have taken action?
Comments
People wanting to discredit bitcoin would have left this scheme running and would not do anything to prosecute the people involved.
That would make people worried about buying bitcoin because, simplistically, "Bitcoin = scams".
My first thought at this story was that the action serves to legitimise bitcoin as a means of exchange. If the Ponzi scheme had been peanut-denominated, would the SEC have taken action?