> Everyone cashing out of the stock market now is also being paid by the people cashing in now. That's not what a Ponzi scheme is. There's an underlying cash f

> Everyone cashing out of the stock market now is also being paid by the people cashing in now. That's not what a Ponzi scheme is. There's an underlying cash flow to the business you're buying and the stock is supposed to give you a claim to dividends paid out by the corporation from those cash flows. The fact that the stock market is acting more and more like a Ponzi scheme doesn't make crypto any less of one. We're just forgetting how the stock market is supposed to operate. Oh also Madoff's Ponzi was an investment scheme where he just produced above average return on investment. He always beat the market, so people invested. He dealt with charities which didn't extract money often, so he had more predictable withdrawals. He was operating like a mutual fund. He wasn't promising a fixed percentage interest, he just always beat the market claimed to never lose money.