I just learned a story about a 'bitcoin investment fund' in a certain Latin American country. The fund took several thousand coins from clients, promising large returns in BTC. Then the owner claimed that the fund had been hacked an all the coins were stolen, and closed the fund. The clients have not yet received their coins back.
What makes the story interesting is that that same person is the owner of that country's main bitcoin exchange. And his clients see nothing wrong with that.
Why is there so much tolerance to dishonesty in the bitcoin community?
Are you speaking about Mercado Bitcoin in Brazil, right?
Your guess, I didn't write that. But, as they say down here, "if the hood fits..."
Perhaps you saw a similarity due to articles like this one:
http://defendaseudinheiro.com.br/a-verdadeira-historia-do-mercadobitcoin/Well, I personally know the people involved and you are just making wild assumptions. AFAIK the theft of the fund money happened indeed.
Only two people, at most,
really know if that is true: the (ex)owner of the fund, and the thief.
So how do
you know? You read it in a forum, and assumed it was a fact, too?
and the owner of the fund is the OLD owner of the exchange, not the actual one. He sold it.
He may have, but what difference does that make to the issue?
The point is that the person opens a bitcoin investment fund that promises incredible profits (how could that work?), collects a few thousand BTC, then tells clients "Sorry, I have been hacked and all your coins are gone."
Yet people still keep depositing coins and money into his exchange. That is what I find amazing.
By the way, selling the exchange only made the thing worse. Now he surely says "your lost coins are not my problem anymore, I sold everything"; while the new owners will say "we only bought the exchange, we had nothing to do with the fund."
in the Bitcoin community there is no more tolerance to dishonesty than in the "fiat community" (lol). [...] This is capitalism, and there's always tolerance to making a lot of money, regardless of the means.
I don't get it. You are saying that investors trust their money and bitcoins to shady exchange owners, because scamming is the foundation of capitalism? It does not make sense at all.