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So... you're saying that the entire market is currently churning out legal ponzi schemes? Or is it that the entire market is itself currently a ponzi scheme? E
by plankers 7y ago
So... you're saying that the entire market is currently churning out legal ponzi schemes? Or is it that the entire market is itself currently a ponzi scheme?
Either way, I get the distinct impression that I've seen this movie before and I didn't like the ending.
- heyoni 7y agoThey just finished explaining why it’s not really a Ponzi scheme yet you keep calling it one.
- plankers 7y agoDid we read the same comment? Seems to me they just finished explaining all the ways it's similar to a ponzi scheme.
- heyoni 7y ago> It seems like a Ponzi-like startup is not illegal because it's not as deliberately deceptive nor is it schemed by a single party/person, but rather it's more the creation of the entire market and what is really causing the profits/payouts is more up-for-debate. In a Ponzi scheme, you’re led to believe that profits are from sales, luring new investors to partake by lying. Uber is losing money but there’s still hype around it because everyone wants to get in on the ground floor. At the end of the day, they’re going to be releasing truthful quarterly reports rather than fabricating numbers out of thin air. The difference is pretty massive I would say.