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> with a Ponzi scheme, you get sent money Still pedantry. You're arguing that it's not a Ponzi scheme NOT because it funds promises to existing players with m
by newacct583 5y ago
> with a Ponzi scheme, you get sent money
Still pedantry. You're arguing that it's not a Ponzi scheme NOT because it funds promises to existing players with money coming in from new players (which is pretty much the standard definition), but because TECHNICALLY they have to "sell" their coins to get paid.
That technicality doesn't change the direction the money is flowing. It's just not relevant.
- rufus_foreman 5y agoBitcoin doesn't fund anything. There are no promises. What you are describing is just speculative investment in general. There is a difference between speculative investment in general and a Ponzi scheme, what is it?