Calling bubbles in real time is hard, but come on:
This company added the word ‘Blockchain’ to its name and saw its shares surge 394%
and
How Floyd Mayweather helped two young guys from Miami get rich
“The boxer’s endorsement of Centra, along with a similar endorsement from the popular rapper DJ Khaled, lent a patina of credibility to a project that has ended up with more than a few problems, including a chief executive who does not appear to have been a real person and a shaky, fast-shifting business plan.”
and
Met an Uber driver whose main job was investing…
He owns Western Sydney real estate and trades in cryptocurrencies that are not bitcoin.
(Explanation: bitcoin is too expensive.)
— John_Hempton (@John_Hempton) November 9, 2017
and
whoa… you can get an ICO whitepaper written on fiverr. h/t @getongab pic.twitter.com/cCQCIepHGM
— Elaine Ou (@eiaine) November 16, 2017
and
Belfort himself [i.e. the ‘Wolf of Wall Street’], who served 22 months in prison for securities fraud and money laundering in 2000, said recently that ICOs were “a huge gigantic scam that’s going to blow up in so many people’s faces” and that “it’s far worse than anything I was ever doing.”
