zlacker

[parent] [thread] 2 comments
1. pjc50+(OP)[view] [source] 2022-05-19 09:45:37
Unfortunately, you can shout "this is a scam" from the hilltops and people won't listen.
replies(1): >>thaway+ff
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2. thaway+ff[view] [source] 2022-05-19 12:10:31
>>pjc50+(OP)
There’s a great recent Bloomberg Podcast episode (Odd Lots?) where the CEO of FTX interactive is describing yield farming, and it dawns on everybody (Matt Levine states it explicitly) that what he is describing is a Ponzi scheme.

And then the CEO guy basically says that their old school finance may consider it a Ponzi but it’s the future of finance and they’re just gonna end up suffering from FOMO.

replies(1): >>webmav+tO3
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3. webmav+tO3[view] [source] [discussion] 2022-05-20 13:38:33
>>thaway+ff
Here you go: https://news.ycombinator.com/item?id=31447159
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