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It is an interesting read and I want to go back and read it a bit more carefully (now that the server is finally back up) but one factor in a ponzi scheme is th
by pixelgeek 5y ago
It is an interesting read and I want to go back and read it a bit more carefully (now that the server is finally back up) but one factor in a ponzi scheme is that there is ultimately a limit on suggestible investors. This isn't part of the definition of a scheme but seems to be an obvious limitation of them. Seems the smart operator plans for that drop in ability to pay out. Most long-term MLMs work out this revenue drop as well.
There is an upper cap to the ability to generate bitcoins [1] which acts as a similar cap on the long-term viability of the system.
[1] https://news.ycombinator.com/item?id=28780925 https://news.ycombinator.com/item?id=28780925