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I don’t need to be a federal reserve chairman to reason that Doge is a Ponzi scheme. The problem is that people want to participate in Ponzis, for the most part
by an_opabinia 5y ago
I don’t need to be a federal reserve chairman to reason that Doge is a Ponzi scheme. The problem is that people want to participate in Ponzis, for the most part, it turns out.
- hobs 5y agoActually no - at the end of the ponzi more people are inevitable left holding the bag and are worse off than when it started.
- gogopuppygogo 5y agoCrypto currencies today are basically all decentralized Ponzi schemes inflated in value by the very centralized tether that is is printing something like $4Bn a week of new tether with no US dollar currency known to be backing it: https://youtu.be/-whuXHSL1Pg https://youtu.be/-whuXHSL1Pg
- SideburnsOfDoom 5y ago> The problem is that people want to participate in Ponzis, for the most part, it turns out They do until they don't. e.g. (1). Regulation has a role in acting now to prevent harm down the road. 1) https://en.wikipedia.org/wiki/Pyramid_schemes_in_Albania https://en.wikipedia.org/wiki/Pyramid_schemes_in_Albania https://thetchblog.com/2019/03/18/albanias-pyramid-scheme-nightmare/ https://thetchblog.com/2019/03/18/albanias-pyramid-scheme-ni...
- WalterSear 5y agoPeople also want to drive drunk.