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By your definition the entire stock market is a ponzi scheme because early investors are "paid off" when they sell their shares to later investors.
by flyingfences 9y ago
By your definition the entire stock market is a ponzi scheme because early investors are "paid off" when they sell their shares to later investors.
- koolba 9y agoMost (all?) publicly traded companies produce something of value which is sold and translates to income and profits. A better analogy would be buying gold which produces no dividends. An even better analogy would be pyrite.
- flyingfences 9y agoIs a distributed, public, immutable, trustless ledger not something of value?
- koolba 9y agoNot if nobody is using it. As I've mentioned a number of times, we're talking about litecoin, not bitcoin. And this isn't like silver and gold either.
- flyingfences 9y agoBut people are using it.