Hacker News new | ask | show | jobs
by renewiltord 750 days ago
You can't do it because there are lots of fraudulent operators in the space. Think about it: someone comes up to you offering a way to give you risk-free return. All your ponzi flags go up. It's a market for lemons. If you had this, the only way to make it is to raise money some other way then redirect it (illegal but you'll get away with it most likely), or to slowly work your way up the ranks proving yourself till you get to a PM and then have him work your strat for you.

The fact that you can't reveal how means you can't prove you're not Ponzi. If you reveal how, they don't need you.

2 comments

It's been done again and again by funds. A new fund or fund company convinces someone with some name and reputation to come work for them and they become the name and reputation that gives some credibility and sells the new fund. Clients start by putting in just a little money and more later. Nobody knows the hard details outside of the new firm. Sometimes it goes nowhere and nobody hears of the thing again, sometimes it works out and they let nobody unaware.
> The fact that you can't reveal how means you can't prove you're not Ponzi. If you reveal how, they don't need you.

This is why I am wary of all those +10 minute YT vids telling you how you can't make significant amounts of money quickly or reliably in a short amount of time with very limited capital.