| submitted by /u/Kingkill66
There isn't a single 'investor' who has ever received a break-even ROI. This is a fact. Everybody who has ever given them money has ended up with less than they gave.
If the price shoots up, sure it feels like you're making gains. But the reality is that if you gave any crypto to Genesis, you will only ever get a fraction of your original crypto back. Not even 100% of the initial investment, let alone profit.
It is a clear ponzi. This company's operational costs are obviously in fiat. They rent IT spaces in various countries, buy servers and graphics cards and netwoking equipment, pay salaries, advertising, travel, etc.
So they're taking all your money in bitcoin and then what? Converting it to Fiat so that they can mine bitcoin again?
Marco Streng is a liar and a fraud.
The same happened to the internet. If someone was murdered by someone they met on the internet, media blames the internet.
20 years later people are over it because they all use the internet now.
Will we ever get impartial news? When are people going to stop forgetting society always does this?
Suppose for a moment bitcoin never existed. And ethereum never existed. And the whole crazy world of cryptocurrencies never happened. Someone comes along and tells you to imagine an electronic network, for moving money anywhere in the world, that no-one owns. It's an intriguing idea.
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