Tuesday, April 17, 2018

Does IMDA think that crypto is a scam?

MFW people say crypto is a scam.

IMDA would like to disagree with you and offer hundreds of thousands of dollars for winning blockchain ideas.

Here's the PDF factsheet which is more detailed.

Got a good idea? Toss it to them and make it to get $50k or $100k.

Here I am spreading the good word about crypto and people look at me like I'm the crazy one.

I personally find it amusing how the MAS Managing Director spoke about Gresham's Law during his speech last month. That does explain a lot why people hoard the most valuable cryptos instead of spending them, doesn't it? Hehe.

People ask me, is crypto a scam?

I'm not sure. What do you think?

1 comment:

  1. Most r scam. Some r not.

    Most stocks r not. Some r scam.

    Many senior mgmt of companies r scammy ... rewarding themselves 100X more than shareholders ... poor allocators of shareholder capital, burning thru cash or using capital to roll over debt & prop up bad biz model


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