In which a Bitcoin business is revealed to be operating a primitive version of a Satoshi scheme. http://www.sec.gov/litigation/complaints/2015/comp23415.pdf …
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Replying to @patio11
A Satoshi scheme is structurally similar to a Ponzi scheme except with a software layer which incentivizes a self-organizing boiler room.
3 replies 25 retweets 32 likes
They're basically "software eats Ponzi schemes" and Ponzi schemes will never, ever be the same again. You can scarcely run them w/o devs.
5:23 PM - 1 Dec 2015
0 replies
5 retweets
11 likes
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