By Stable Report
Bernie Madoff Move Over: ‘Stablecoins’ Have You Beat
Jason Bloomberg writes a very critical rant of the ecosystem without any real depth, arguing that “…as with any Ponzi scheme, the value of your investment is stable until the bottom falls out, and it becomes worthless. Your money, meanwhile, is in the pockets of the scammers.” It briefly covers the general workings of each model before brushing them off as scams or useless.
–via Forbes
Read the entire article at https://medium.com/@stablereport/stable-report-nov-19th-nov-25th-b1d4594e9795?fbclid=IwAR3wjAuMGk_HG8dKaEvdn0eJgyhucD_t68TqTnvOgjuGcLmmD19CxYeUj7Y
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