A fool and their money are soon parted. The real problem is that swindlers have made a huge amount of money and can use that money to corrupt politicians so it affects the rest of us. It’s not just the extra tax of having to care for the newly impoverished.
My former local community went all in on a bitcoin scam, they made commissions on new entrants so I never heard the end of it. I only talked about it when asked but my warnings not only fell on deaf ears I was effectively ostracized as people were worried that I would talk new entrants out of it. “Don’t talk to that guy, he’s a no-coiner who doesn’t want you to be rich, he’s ngmi”. It was worse than Amway. Even after the crash many of them still avoided me, I guess now out of embarrassment, or worry that I would shove it in their faces like they did to me. I would never. It destroyed the community and many local businesses.
Edit: just found out which one it was, it was USI Tech. It failed 4 years ago so it’s not even part of the latest crop. Just sad that it keeps happening.
My former local community went all in on a bitcoin scam, they made commissions on new entrants so I never heard the end of it. I only talked about it when asked but my warnings not only fell on deaf ears I was effectively ostracized as people were worried that I would talk new entrants out of it. “Don’t talk to that guy, he’s a no-coiner who doesn’t want you to be rich, he’s ngmi”. It was worse than Amway. Even after the crash many of them still avoided me, I guess now out of embarrassment, or worry that I would shove it in their faces like they did to me. I would never. It destroyed the community and many local businesses.
Edit: just found out which one it was, it was USI Tech. It failed 4 years ago so it’s not even part of the latest crop. Just sad that it keeps happening.