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here in SA we've had 3 big Bitcoin ponzi schemes [...] it drew in millions before they exit scammed, now imagine if they didn't do that, and those people ended up with self custody sats, would have made a major impact.
Ugh. And also imagine how everyone who knows those people now probably thinks "btc is for scammers". What a headwind.
Lol 100% if ever I talk about BTC, you'll get that one person trying to dismiss what I say by bringing up MTI (Mirror trading), Mining City, or Africrypt, like its some kind of dunk.
There are a few smaller ones going right now, which i've tried to warn people about, and got a few people out in time. But there are too many, I can only warn people of the ones that have a visible social media but there are those that stick to WhatsApp groups, which are much harder to expose.
These scams are quite popular here, and one of these local Ponzi bros here even started his own political party, FML!
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Thank you for your service :)
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