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Author of "101 Projects"
Join Date: Jan 1995
Location: Rolling Hills Estates, CA
Posts: 27,054
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The more I investigate, the even crazier stuff gets. This whole Luna debacle was a ponzi from day one - paying 19% interest. Sheesh. That's obvious, as there's no income earned on the opposite side of the ledger to compensate for that large return. You can sometimes get interest rates like that in third world countries, but the risk of the currency blowing up is high (as was the case with Luna). Now, the founder / creator of Luna has created a new Luna 2.0 to try to dupe everyone once again, and low and behold, there are people who are falling for it again!
Maybe I'm in the wrong business.
Interestingly enough, the same type of talk I hear about these cryptos is in the same "flavor" of discussions that very religious people tend to sound like. I don't think that's a mere coincidence.
-Wayne
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