> need a new term than ponzi scheme "Fraud" works for me. All nascent markets are wildcat melees. https://en.wikipedia.org/wiki/Wildcatter https://en.wikiped

> need a new term than ponzi scheme "Fraud" works for me. All nascent markets are wildcat melees. https://en.wikipedia.org/wiki/Wildcatter https://en.wikipedia.org/wiki/Wildcatter Useful markets are eventually regulated. To save the market from itself, to calm down the townsfolk brandishing pitchforks and torches, to assert central control over a proven grift. Time will tell if all these crypto kittens prove useful for more than fraud.