Aren't these promoters risking prison too? Like if you pump and dump a stock in a chat room you risk prison. I only promote steem because you can do it with zero investment, it's the least scammy platform out there
Aren't these promoters risking prison too? Like if you pump and dump a stock in a chat room you risk prison. I only promote steem because you can do it with zero investment, it's the least scammy platform out there
To make big money requires risk but at the same time if part of the risk is that you could end up in debt then it's not as good of an option as for instance an ICO gamble where you could lose your money but at least you keep your reputation. If you lose as a promoter of a lending platform then everything could be lost, including money you earned outside of the lending platform if you get sued, including reputation, including jail as you mention.
Risk taking is necessary for people trying to get rich. Promoters in lending platforms took the biggest risk of all because their followers could turn against them. Promoters seemed to be in an enviable position and seemed to be making a lot of money but only if the platform is not a scam. If it's a scam everything is lost.