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   Molly White (molly0xfff@hachyderm.io)'s status on Thursday, 16-Jan-2025 05:17:46 JST Molly White

   in the last issue of my newsletter, i wrote "Side note: If someone promises you a risk-free 20% annual yield if you just let them hold on to your dollars for you (or turn your dollars into stablecoins and then let them hold on to your stablecoins for you), the risk that that you never see those dollars again is in fact very high."

   anyway here's a post from Justin Sun today

   • Rich Felker and anban repeated this.
   • Embed this notice
     R (foo__@mastodon.social)'s status on Thursday, 16-Jan-2025 05:23:55 JST R

     in reply to

     @molly0xfff I was thinking the guy was in jail...

   • Embed this notice
     Molly White (molly0xfff@hachyderm.io)'s status on Thursday, 16-Jan-2025 05:23:55 JST Molly White

     in reply to

     • R

     @foo__ that's Do Kwon, the other 20% yield guy

   • Embed this notice
     billy joe bowers-8647 (billyjoebowers@mastodon.online)'s status on Thursday, 16-Jan-2025 06:32:39 JST billy joe bowers-8647

     in reply to

     @molly0xfff

     "Stop asking where the yield comes from" sums up business and investing for the last 25 years or so.

     We live in a con game.

   • Embed this notice
     RealGene ☣️ (realgene@hachyderm.io)'s status on Thursday, 16-Jan-2025 08:16:25 JST RealGene ☣️

     in reply to

     @molly0xfff
     If your conman is too stupid to come up with the tale , you should find a better grifter.

   • Embed this notice
     Bruce Heerssen (bruce@darkmoon.social)'s status on Thursday, 16-Jan-2025 18:46:08 JST Bruce Heerssen

     in reply to

     @molly0xfff
     Now I really want to ask where the yield comes from, but I think I already know the answer.

     Hint: it doesn't