As a scammer, you can't just tell Milli Smith to take out a reverse mortgage and wire $800k to an account in the Caymans. Her bank says No.
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Economic substance is not a novel innovation for scams. Sometimes e.g. the boiler rooms did pump stocks for companies which had products.
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Small company which makes pool cleaners: a possibly high risk investment. Same company implying 1000X returns: scam scam scammity scam.
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Most serious crypto exchanges have very strict rules regarding adoption of new coins. Of course, cryptocurrencies make it easier to
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scam and rip people off, careful planning, attention to detail and caution are needed before investing in any exotic coin
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To you, what qualifies as not-a-scam in general? How would you define real, actual value?
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As described both pre- & post-blockchain currencies are susceptible to scamming.
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