Cryptocurrencies: Investment Opportunity or Ponzi Scheme? Part 2

読了時間: 4 They were everywhere. Ads for BlockFi, Celsius, Gemini Earn, and the like, all promising high returns in exchange for lending your crypto. You could make anywhere from 8 to 10% or more, and though I admit the offers sounded tempting, it was never quite tempting enough for me. Not because I have anything against putting my money to work, but because the whole thing just didn’t make sense. How were they generating these returns? Where was this yield coming from? When a bank pays you interest on your savings account, it’s because they lend your money to someone else who pays an even higher interest to the bank to finance […]