Reply to post: Re: Why do you think

Crypto-coin startup said its bot could generate huge profits from your Bitcoin. It was a scam, says SEC

teknopaul

Re: Why do you think

Maybe not. 2017 saw a lot of this kind of scam and the sec has been catching up with them and they are getting jail sentences. El Reg has had a steady trickle of these articles.

There is nothing special about bitcoin that makes it better for a ponzi scheme, except in 2017 there was a lotta suckers out there. With bitcoin every transaction you do is traceable, you can't hide a penny.

I'm sure the sec has a limited capacity for follow up of these crims but they will all be got. Wall Street knows that, it has better was to shovel around ill gotten gains.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon