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The Bit Short: Inside Crypto’s Doomsday Machine | by Crypto Anonymous | Medium

This is the story of a Bitcoin trade — the most financially impactful trade I’ve ever made in my life. It’s also the story of the deep-yet-frantic investigation of the crypto ecosystem that led me to…

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Jeremy Burton core team
almost 3 years ago

CEO | Founder | Managing Partner @ Platform Venture Studio

An interesting cautionary tale. "But the startup community has a fantastic collective radar for things that 1) start small; 2) grow fast; 3) challenge the status quo; and 4) are broadly misunderstood. Those are the features of a promising startup! And the community has learned that it’s expensive to miss out on one of those. Unfortunately, those are also the features of a fraud. But the startup community doesn’t encounter much fraud, so it tends to discount the possibility — and in crypto, that’s a grave mistake. Unlike startups, crypto is a highly liquid market — exactly the kind that attracts crooks, and crooks like to do fraud. And that means that many things in crypto that look like promising startups, are actually frauds."