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Neither are Ponzi schemes, neither FB, nor the DAO use income derived from the sale of securities to drive the payment of dividends on those securities. Zuck d
by fleitz 10y ago
Neither are Ponzi schemes, neither FB, nor the DAO use income derived from the sale of securities to drive the payment of dividends on those securities.
Zuck doesn't control the majority of shares, he controls the majority of voting shares. If FB started selling shares and using the proceeds of those shares to pay dividends to existing investors then it might be a Ponzi scheme if this were not disclosed in relevant documents.