First there were MLM, HYIPs and other bullshit and now we have NFTs, Stablecoins, various cryptocoins and cryptotokens.
I think this Ponzi crypto assets are something like the evolution of fraud in a sense that scams are no more secretive, obscure and somewhat straightforward investment programs but more wrapped up in a sophisticated talk about cryptography, blockchain and DeFi which should bring you confidence that you should invest in them because they are more technologically advanced.
Somebody should write a book about Fraud in Crypto Assets from the more academic point of view and tbh I would very much like to read it. For example explaining the history of crypto fraud and scams, investigating them deeper and dissecting them from economical and financial point of view with the addition of explaining the basics of cryptography, blockchains and DeFi.
I think this Ponzi crypto assets are something like the evolution of fraud in a sense that scams are no more secretive, obscure and somewhat straightforward investment programs but more wrapped up in a sophisticated talk about cryptography, blockchain and DeFi which should bring you confidence that you should invest in them because they are more technologically advanced.
Somebody should write a book about Fraud in Crypto Assets from the more academic point of view and tbh I would very much like to read it. For example explaining the history of crypto fraud and scams, investigating them deeper and dissecting them from economical and financial point of view with the addition of explaining the basics of cryptography, blockchains and DeFi.