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He’s not necessarily conflating them. There’s a case to be made that profits from Bitcoin and other crypto are used to manipulate the system to boost it further
by p49k 5y ago
He’s not necessarily conflating them. There’s a case to be made that profits from Bitcoin and other crypto are used to manipulate the system to boost it further (look at all the shadiness around Tether, for example).
- FabHK 5y agoAnd in particular the defining characteristic of a Ponzi scheme arguably holds for BTC: the "investments" of late investors allow the early investors to recoup their money (and then some).