09-16-2017, 10:14 AM
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#507
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In Search of a Life
Join Date: Jan 2010
Location: L.A.
Casino cash: $2564284
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https://www.nytimes.com/2017/09/15/b...bble-doge.html
Quote:
But investors didn’t get the joke and bought Dogecoin anyway, bringing its market value as high as $400 million. Along the way, the currency became a magnet for greed and attracted a group of scammers and hackers who defrauded investors, hyped fake products, and left many of the currency’s original backers empty-handed.
Today, Mr. Palmer, 30, is one of the loudest voices warning that a similar fate might soon befall the entire cryptocurrency industry.
“What’s happening to crypto now is what happened to Dogecoin,” Mr. Palmer told me in a recent interview. “I’m worried that this time, it’s on a much grander scale.”
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