Your argument is cleanly refuted by the article under the header "The operator must lie to investors about the source of profits.". No one is saying anything t

Your argument is cleanly refuted by the article under the header "The operator must lie to investors about the source of profits.". No one is saying anything that goes up in value is a Ponzi scheme, that's an absurd statement. You're not making a good case for your cause. Maybe mention some more important points that the author misses?