Comment on Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.

• jmcs@discuss.tchncs.de ⁨1⁩ ⁨year⁩ ago

  That’s what Ponzi told people he was doing. And in the beginning he was, and it was working, but then he started paying investors with other investors money.

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  • AffineConnection@lemmy.world ⁨1⁩ ⁨year⁩ ago

    And in the beginning he was, and it was working

    I might be wrong, but to my recollection, he never got it to work; in the beginning, he merely believed that he could eventually get it to work, and that the first fraudulent payouts to early investors were originally intended as a temporary way of buying time without losing investors.

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• who8mydamnoreos@lemmy.world ⁨1⁩ ⁨year⁩ ago

  The OG ponzi

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