2 ms·
https://en.wikipedia.org/wiki/Ponzi_scheme https://en.wikipedia.org/wiki/Ponzi_scheme 1) require an initial investment and promise above-average returns 2) mo
by question11 5y ago
https://en.wikipedia.org/wiki/Ponzi_scheme https://en.wikipedia.org/wiki/Ponzi_scheme
1) require an initial investment and promise above-average returns
2) money cannot be withdrawn for a certain period of time in exchange for higher returns.
High investment returns with little or no risk.? Overly consistent returns?
Your argument is that if I buy an ETF for gold and they charge 2% to keep the gold safe and manage it. This etf is a ponzi scheme as they need have holders to keep the thing going.
As the transaction fees go to miners you could then argue VISA and mastercard are ponzi schemes?