3 ms·
> By definition, Ponzi scheme’s, like musical chairs, do work as long as people keep playing. A shared heuristic, not a definition. You pretty much defined ec
by tzm 5y ago
> By definition, Ponzi scheme’s, like musical chairs, do work as long as people keep playing.
A shared heuristic, not a definition. You pretty much defined economic participation or confidence in any monetary system (applicable to all markets).