Cryptocurrency

Out of context: Reply #763

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  • neverscared0

    Crypto firm with links to parliamentary groups appears to have vanished
    Apparent disappearance of Phoenix Community Capital leaves some investors fearing they have lost large sums of money

    Phoenix Community Capital established itself last year as a cryptocurrency project and investment scheme, which it said at one point was valued at $800m (£665m). It was a sponsor of one APPG, and its co-founder, Luke Sullivan, spoke at an event for a second APPG , as well as appearing as a panellist for events hosted by peers in parliament.

    However, the company appears to have vanished in September last year, with its website going offline and the investment portfolios, known as “nests”, becoming inaccessible to an estimated 8,000 investors after that date.

    Some investors, including a former Premier League footballer, claim to have lost tens of thousands of pounds each.

    https://www.theguardian.com/poli…

    • A forward-looking statement predicts, projects, or uses future events as expectations or possibilities. These statements can often be misleading, as they can bewhatthefunk
    • mistaken for factual statements, while they are actually speculation.whatthefunk
    • So everything crypto = scam go figure

      I don't even bother anymore posting this shit
      grafician
    • Again you never needed to. Also, for those of us who bought crypto and then sold it for profit it wasn’t a scam. So...monospaced
    • Yeah that's how ponzi schemes work
      A few can profit, the rest get scammed
      grafician
    • Crypto is just a tumour on the side of the cancer that is fiat. Money as a concept has become so messed up due to fractional reserve banking.shapesalad
    • No one knows what our currencies are, why there's inflation, where money comes from and goes and what backs it. It's all a house of cards.shapesalad
    • USA dollar is the backbone of global economic action, as the 'eurodollar' which is nothing more than a ledger entry. Meanwhile USA has a debt of $31 TRILLION.shapesalad
    • There has yet to been a central bank in all history that has not debased its own currency... until given time, it collapsed totally to zero.shapesalad
    • what mono said, I nearly tripled my investment. If people got greedy that aint my problem.fadein11

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