TBH I think these guys who played into the scheme should lose their money as a lesson to what happens when you give your trust away to people who don't deserve it. But I'm just hardcore like that.
You don't sympathize?
I do, everyone makes mistakes, but a part of making mistakes is experiencing the effect of those mistakes; if they get their money back then the learning experience is lost and they'll wind up making the same mistake with the belief that they'll get their money back again. This is what allows ponzis and pyramids to occur at all: there's no more risk involved, or so they believe, until one of these schemers winds up succeeding with a lot more cash than he would've if everyone knew to avoid such schemes in the first place and to only deal with reputable businesses. Of course, the schemers do their best to hide that they're a scheme, but still, there's signs.
It's always greed that makes people drop their guard and thrown their money at things if they believe they can earn a quick profit. It's how scams work and why they're so popular because unfortunately humans are inherently greedy.
Makes me wonder how many other scams/ponzis are still running out there and how much money they have. Your thoughts?
it worth nothing that in 2013 after the doge peak the altcoin section was full of malicious devs, who were running their scam-fest, consisting of many alts, like aurora/blackcoin /maxcoin/stockcoin(the first one) ecc....,
i was there for every one, and i can tells you that with the first three they have surpassed by a long shot the 340M of this news..
actually i think that with aurora only, they have scammed a monstrous amount(i remember that coin surpassed litecoin in value, when litecoin was worth about 300M+)
nowadays there are still scam pos coins with bad/fake distribution and other crap like that
99% of them are just pump and dumps made entirely to make money for their devs. I'm surprised alt coins are even still going to be honest but they have slowed down a lot. People just need to avoid them entirely and hopefully they'll die off eventually.