Just for fun I actually did a 10k loan back in June 2017. I received all of my interest and capital back in full. (Strangely enough I made slightly more in dollar terms than if I had just held that btc.) With the quicker capital release on the larger loans. I figured I could front run the smaller lenders and get out before the pyramid collapsed. It's sucks that so many noobs got burned. Hopefully most didn't put their life savings into this thing.
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Holly shit! You are a big baller if you were able to do a 10K loan for fun. I was really surprised they kept it going for so long to be honest. I would have thought it would have ended a few months after it started but we knew at some point it would implode when the market pulled back.
A lot of n00bs probably got roasted bad with it. That was probably a lot of people's who crypto portfolio.
I think the longevity was due to people wanting to earn free crypto, not buy it. I expect to see another large abstraction take hold.
Well I guess the thing that surprised me is that they didn't just cut and run before it got too big. Like a few months in and then disappear. But it kept going and then they even got the "regional promoters" or whatever to put their names of some entity filing in the UK and almost dolled out a lot of the activities to promoters. Then they had some of those big parties. It really surprised me. It was entertaining drama if nothing else. I don't know what is going to happen from here though.