> I keep waiting for the Crypto ponzi scheme to burst. Previously Ponzi schemes were limited in geographic area, so you'd be limited to the number of marks you

> I keep waiting for the Crypto ponzi scheme to burst. Previously Ponzi schemes were limited in geographic area, so you'd be limited to the number of marks you could go after, either through travel limits or the number of people you could meet through 'friends of friends'. This could grow a bit if you were 'successful' enough and could establish a reputation (e.g., Madoff). Online schemes do not have geographic limits and so there's always a fresh source of unknowledgeable persons to go after. Further, most traditional Ponzi schemes are of the form that you'll receive x% returns (e.g., dividends) per year, but Crypto is more akin to: > In finance and economics, the greater fool theory states that the price of an asset is determined by whether you can sell it for a higher price, at a later point in time. On assets where the theory applies, it is implied that the asset's intrinsic value is less important than the increase in demand, however irrational it might be. The person buying the overpriced asset later on, for a higher price, is deemed the greater fool.[1][2][3][4] * https://en.wikipedia.org/wiki/Greater_fool_theory https://en.wikipedia.org/wiki/Greater_fool_theory