Which is why this isn't as simple as a direct Ponzi scheme where actual cash payments are passed around (and why I never actually called it one). It's more lik

Which is why this isn't as simple as a direct Ponzi scheme where actual cash payments are passed around (and why I never actually called it one). It's more like a MLM where sellers are buying their own product for resale with the expectation of future returns. This breaks the normal dynamic of a Ponzi scheme since there's latent inventory lying around that can be bought, sold, or held until another sucker comes along. And that delays the crash. Of course, the big difference is a normal MLM at least offers a product with some nominal base value, whereas the base value of Bitcoin is precisely zero.