Hacker News new | ask | show | jobs
by trophycase 3007 days ago
Their currency is worth billions
2 comments

Billions of USD in digital coins they themselves created, right? So this $29M came from the shareholders, or from the coin-holders?
It comes from whoever will buy the coins, presumably.
So the same people who could potentially be victims of fraud will now be recovering their investment from school children. Keeping it classy, crypto.
There is a big difference between being worth billions and having a market cap of billions.