Wu Blockchain (@WuBlockchain): Former FTX CEO SBF's Ponzi SchemeTutorial
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- FTT-80Negative
Former FTX CEO SBF's Ponzi SchemeTutorial On April 25, 2022, SBF explained "yield farming" on the Odd Lots podcast but unintentionally described a full-blown Ponzi scheme. He used an example of a "box" (a project) created with nothing more than an internet connection and a token issued out of thin air. With enough hype and influence, it could attract $200 million in investment. Prices rise because money flows in, and money flows in because prices rise. By the end of it, you realize — this isn’t innovation, it's a faith-driven Ponzi scheme. Source：https://t.co/ISdd8E4VeA