The FLYWHEEL SCHEME has been the dominant business model in “crypto” “cefi” from the past three years. It was as dirty as ICOs, maybe worse in wealth destruction and delay of Bitcoin adoption. Major perpetrators: FTX/Alameda Celsius Crypto dotcom N

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Isaiah Jackson @bitcoinzay · Nov 4, 2022

From Twitter

One of the best threads in #Bitcoin history It’s amazing how when you tell people this is how “crypto” really works they get defensive…..and then wrecked and come back to #Bitcoin

Tweet Nov 4, 2022

The FLYWHEEL SCHEME has been the dominant business model in “crypto” “cefi” from the past three years. It was as dirty as ICOs, maybe worse in wealth destruction and delay of Bitcoin adoption. Major perpetrators: FTX/Alameda Celsius Crypto dotcom N

by Cory Klippsten

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