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It‘s a fiat ponzi scheme.
New customers are paid back to attract new customers giving them new money to pay back new customers etc.
In the end, they hold all your money and you own nothing.
Also, they print money at a higher rate (USD inflation = 6%) so you get poorer by day.
🎁GIVEAWAY!🎁
Yo, I heard you like stacking sats without fees.
I got you.
We're giving away 0-fee stacking for 3 months (under 1000 EUR/day purchases).
3 winners. The rules are simple:
🔁Retweet this post
✉️Enter your email on this page👇
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The first copies of my next book, Principles of Economics, have just rolled off the press!
Preorder yours now to get yours as soon as they ship!
RT & follow to win a free copy!
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💰 $300 $BTC GIVEAWAY 💰
To celebrate the recent #bitcoin price increase I'm giving away $150 in $BTC to 2 lucky winners!
To enter:
- Follow me @QuintenFrancois
- Like & retweet this post
The winners will be announced in 48 hours. Good luck! 🤞🍀
Watch the Plan ₿ Forum Masterclass "How to invest in #Bitcoin " by Julian Liniger
@julian_liniger
https://t.co/YGokkYPCtC
Get Early Bird Tickets to the Lugano Plan ₿ Forum 2023 (October 20-21) ⛰️🍫🇨🇭
FTX is the opposite of #Bitcoin#Bitcoin ’s protocol was created precisely to prevent Ponzi schemes, bank runs, Enron’s, WorldCom’s, Bernie Madoff’s, Sam Bankman-Fried’s…
…bailouts and wealth reassignments.
Some understand it, some not yet.
We’re still early.
🌎/21m