Con man - A movie that shows how a toxic company is created and introduced into the traditional markets.

in #cryptocurrency6 years ago

A true story, this movie has it all, cutting check by depositing into another account before cleared on the account was intended to go in the first place, burning money like there's no tomorrow, forging documents to apparent good health of a company when in reality is a sinking ship, pumping (with the forged documents) and dumping of shares (into the traditional markets) with of course insider traiding, associations with the Cosa Nostra and the cherry of the pie: a ponzi scheme running for 20 years! The movie is a good view of how easy it is to manipulate the system to introduce a toxic company into the traditional markets in order to make shareholders rich at the expenses of the regular joe's.

In a nutshell, this movie shows in simple terms that all of what's happening in the crypto space also happens in the traditional markets, with the differences that in the traditional markets is worst since there's an entangled of companies-banks-insurances-regulators taking place when the fraud is happening, giving an institutional approval to the toxic company so that the scam can last longer since it takes years to discover, hence revealing systemic difficulties intrinsic to this inefficient markets.

Quite the contrary happens with the crypto world, where the free market removed any crypto that may be pursuing to cheat people, and is easier to discover this since there isn't a burocracy of entangled documents, regulations and institutions avoiding the washing mechanism of a free market.

That's why bitconnect scam only lasted 1 year in the crypto world, a bitconnect-like-ponzi-scheme in the traditional markets will take approximately 5 years to explode, and the washing mechanism of a free market now recognizes the bitconnect-like-fraud-schemes and will not allow something like these happening ever again. That's not the case with the traditional markets, with so many points of failures, by just bribing the new incumbent the same ponzi-scheme may be repeated over and over and over per secula seculorum.

At the end the movies leave a positive message that I think only can be accomplish with the helps of the crypto world:

"To win in life means no more backing down, no more short cuts, no more compromising, no more lies and no more cons."

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Is this movie on any of the streaming services?

Hey man, thanks for taking a look at this post,

I watched on this website: http://vexmovies.org/con-man

Enjoy!

Hola @jvaldivia, upv0t3
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