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They will continue to be a ponzi scam that hopeful idiots will keep losing money on.
Agree in general, but I just learned that the word "idiot" is considered ableist language. I was unaware of it's historic meaning/roots, so this surprised me too.
Some people are desperate for economic or social reasons. That maybe doesn't give them the same status as other scam victims, but I've seen smart and educated people fall for this gambling.
Brings to mind things like the Nigerian 419 letters where they skip proofreading and flood inboxes with fantasy tales of political intrigue in (for their target demographic) far-away lands. Might get a dozen of your average idiots to reply before most people have made it through the first sentence. It's a way to select victims who aren't as likely to question what they're being told but even then, you still hear about people falling for it when, due to their education or business background, they really should know better.