Lets assume this is a ponzi

is the / a ponzi more likely to crash when numbers go up or down?

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Up because they would want to cash out with as much as they could. That said, it isn’t a ponzi. Their mechanics are pretty clear and the only difference between them and a bunch of other platforms if they have a larger range of tokens and a bunch more working products to add credibility.

why do people insist on calling it a ponzi?

I am actually interested. Are people contempt with 30 secs of research before brushing something off?

>inb4 16% returns
Thats their own coin rtard

what is crypto.com retard? how can I comment on why it's a ponzi if I don't even know what it is?

click the link you just created and find out u mong

ponzi pops when number go up, ponzi doesn't really "go down"

>hello pay us this high amount of money that you can't take out. we're going to pay you 5% cashback in exchange forever on every purchase even for online ones where we literally don't make even 1%.
how do you think they're paying out investors? by taking in new money. this is literally what ponzis do retard

no card company gives you cashback on online purhcases because those companies don't make any significant $ on those. the only source they pay that money out is new investors who have to have their money tied down with them

Proved my point. To get 5% cashback you need to stake fucking 50K MCO, which is around $220K USD. You just read the headline and used it to prove your "point"

yes. you need to pay them 220k USD and they vow to pay you 5% cashback on your card purchases indefinitely. how do you think they do that? visa magically pays them 5% when they show that you tied down so much money with them, or they're paying you back from investors' money?

it lasts as long as there are always new entrants, literally cannot last any longer, and that's literally what a ponzi is

Getting interest on your holdings is nothing new. Maker does it decentralized and before the great jewing of the fed, banks always paid pretty good interest on your funds. Now they pocket the difference and give you almost nothing.

It is not unreasonable that a custodial solution can do what a defi solution can do.

Except that’s not the only feature, the biggest one being the private jet usage at that tier.

no faggot. you're clearly a fucking shill so why don't you tell me?

Not a scam, actually they earn money by other ways and with those earnings they pay the interest, plus, is fully regulated in Europe, there are other scams running right now like Safex, Unibomb, etc, but Crypto.com is legit.

The CEO has said that they incentivize the cashbacks, just as Amazon has done for years. Do you question if Amazon is a ponzi because they are able to give you 10% cashback with their card?

They also incentivize other shit, but they make it back with the fees and loans people make on the platform. If you had a head for business you would dive deeper and understand.

im a founding member lol. DYOR, i dont care if u stay poor

i know, but the jet service is just a gimmick, as you still need to pay the full price. They just offer the service via a company

one of the few above 100 IQ people in this thread

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also based and MCO-pilled

The card perks from my understanding more about attracting new users. The biggest cost of this space is the initial phase where you need to get licenses, build infrastructure, etc. It's in their interest to get more people on the platform because fees and usage adds up with almost no added cost to CDC. Now that isn't to say the card benefits don't get a little sketch at times, but it isn't like everyone is stalking 50000 mco. I doubt it is that high of a percentage to make any meaningful impact on their economics.

I do wish they had more financial transparency, but I'd hardly say it's a ponzi as supposedly, locked MCO isn't traded or anything like that.

>Lets assume this is a ponzi
It IS a ponzi lol you're fucked anyway.

What card do you have? I’m curious. I’m about ready to upgrade my red to green.

See

>im a founding member

ya. so you're a shill trying to make me FOMO and pay you out of your ponzi scheme. no ty fag. The little that has been said itt has convinced me it literally is a ponzi and you'd have be a literal retard with no education to not see it.

Do you have any idea how much that domain name alone costed? As a minimum they’re gonna milk it for 10 years, even if they intended to exit scam from the start there’s no way they’re gonna do that after 5 days, after investing so much you fucking wagecucks have to have everything explained to you
Do some research niggers

no, im a guy who has been with the company since day 1 and have chatted with the CEO on multiple occations. I have done my research and entrusted 90% of my money with the company, and they have exceeded all expectations. Remember that they launched as a card company... Just a card. Now look at what they have achieved. They have gotten their whitelabel program approved by Visa for fucks sake, wake up.

Or continue to scream pOnZI and miss out

they had to convince the owner of the domain that they were legit in order to be ALLOWED to buy it also. He had been approached by literally thousands of other buyers, but he chose to sell it to Kris & CO. He is an OG cryptonaut, so i would say his due diligence is worth a bit

have i at any point tried to make you buy anything? The company does not want your 500 dollars

It’s all a scam, I deposited my linkies there and now they are all gone and tech support won’t return my emails WTF!!!!???

what about nexo, celsius, blockfi and the others? why not split your money between those. my reasoning being that they can't ALL be a ponzi and exit scam at the same time.

Bitconnect didn't crash until number went down

ok boomer

because DEFI is a fucking hassle and ripe with hacks, the beauty of CDC is the simplicity. They are the only ISO 27001:2009 certified for gods sake, and their CSO was invited into the forbes technology council. They are literally the gold standard when it comes to security when it comes to security.

I have been with them for a little over 3 years now, and i'm fairly certain that i have done my due dilligence. It would really surprise me if 1) they were actually able to exit scam 2) would actually think they could get away with it

Fuck we are dumping right now :(

OP here
can we come back to the topic and not discuss IF it is a ponzi or not but just assume for a moment it is.

if bitcoin goes to $100k, is it more or less likely they exit scam than if bitcoin goes to $100.

and why.

less because they literally cannot get away with it, it would only attract more attention the more expensive bitcoin gets. Why even entertain the question? They are audited and regulated in multiple markets. Just store your money there or don't, stop ruminating on hypotheticals

its not about CDC. i just used it as example. i have moved my coins to 3 different platforms and i need a strategy for both cases.

Best not be a ponzi, I’ve got my stinkies earning interest on there