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Precious metals have absolutely been operated as Ponzi schemes before (remember the dude who pump & dumped the silver market in the 70s?)
by bandrami 9y ago
Precious metals have absolutely been operated as Ponzi schemes before (remember the dude who pump & dumped the silver market in the 70s?)
- guardiangod 9y agoAre you saying the silver market behaved as a Ponzi scheme? No. A person was using the silver market as a ponzi scheme vehicle, it doesn't mean the silver market itself was a ponzi scheme. Same as Bitcoin here. A devious actor could use Bitcoin as the product for a ponzi scheme, that doesn't mean bitcoin is a ponzi scheme as much as the tulip bulb market itself is a ponzi scheme.