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“Cryptocurrency, which was supposedly created as a solution to the myriad failures of our regulated financial system laid bare during the subprime crisis, had effectively reproduced and even amplified the same dynamics, leading to a similar implosion. Thankfully for the broader public, it had all happened on a smaller scale and the real banks were not involved (despite the crypto industry’s efforts to the contrary). But once again, it was regular people who were left holding the bag.”
― Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud: The Basis for the Documentary Everyone Is Lying to You for Money
― Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud: The Basis for the Documentary Everyone Is Lying to You for Money
“Elected lawmakers create the law, professionals argue about it, judges interpret it, and public servants assist in the process of implementing it, but often, ultimately, a randomly selected group of citizens decides it. Like all human endeavors, it is as flawed, and prone to unexpected twists of fate, as we are. It might also be the best we can do.”
― Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud: The Basis for the Documentary Everyone Is Lying to You for Money
― Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud: The Basis for the Documentary Everyone Is Lying to You for Money
“Your yearning, your desire to be other than what you are, may well be your undoing.”
― The Magic Fish
― The Magic Fish
“In theory, the difference seems to be that members of MLMs like Avon and Amway chiefly earn compensation from selling a particular good or service, while pyramid schemes primarily compensate members for recruiting new sellers as quickly as possible. But in practice, a pyramid scheme is essentially just an MLM that was run poorly and got caught.”
― Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud: The Basis for the Documentary Everyone Is Lying to You for Money
― Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud: The Basis for the Documentary Everyone Is Lying to You for Money
“People were always trying to get rich quick, and there was always someone around willing to promise fantastic wealth while picking their pocket. “You start to realize, anyone can be vulnerable.”
― Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud: The Basis for the Documentary Everyone Is Lying to You for Money
― Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud: The Basis for the Documentary Everyone Is Lying to You for Money
Latinx Book Club
— 228 members
— last activity Nov 11, 2020 08:29PM
The Latinx Book Club was created in March 2019 and officially launched April of the same year. We are a Twitter-based book club dedicated to reading a ...more
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