Money was made through commissions. Something like 30% of all money put into one coin, i have estimated, was paid back out in commissions. But nearly all to the top one % of promoters. There was no liquid market for that. They ran their own tiny boote exchange sit which allowed some investors periodically to turn maybe one percent of their holdings into real money. That was essentially a ponsy payout. Just to get them to believe and to recruit the next e wave of investors. Never really had any technology behind any of it. The product that they were selling, the coins that they thought were going up and up and up in value, that they were sitting on and waiting to
Of course Kara and Scott will talk about the sex lives of tech leaders. But once that's out of their system, they'll discuss Q2 Earnings, whether the Jan. 6th committee will hear from Ginni Thomas, and salary transparency. Friend of Pivot Jamie Bartlett tells us about his book, "The Missing Cryptoqueen: The Billion Dollar Cryptocurrency Con and the Woman Who Got Away with It.”
Send us your questions! Call 855-51-PIVOT, or via Yappa, at nymag.com/pivot.Send us your questions! Call 855-51-PIVOT, or via Yappa, at nymag.com/pivot.
You can follow Jamie at @JamieJBartlett and check out The Missing Cryptoqueen podcast here.
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