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If it is profitable it's not a ponzi, the basic feature of a ponzi is that there is no actual profit and the shareholders just take money from each other, or ra
by nathias 5y ago
If it is profitable it's not a ponzi, the basic feature of a ponzi is that there is no actual profit and the shareholders just take money from each other, or rather pay with liquidity if the ponzi is ongoing. But there actually is a profit to be made and it is made every day by centralized publishers, I welcome any model that would replace the current one, especially if it makes it better for the user.
- tabtab 5y agoThose early in try to time it so they can liquidize and run before it collapses. They are hoping to earn a big profit by timing their exit.
- smackeyacky 5y agoRube farming.
- 1270018080 5y agoCrypto is definitely more of a pyramid scheme than a ponzi scheme. You have to keep recruiting greater fools to be able to financially benefit from it yourself. That's the "profit" you are referring to. There's still quite a bit of overlap though.
- nathias 5y agoI'm talking about doing videos like in the articles. And no normal cryptos are far from a pyramid scheme almost everything else in fiat and normal economies would fit better.
- 1270018080 5y agoMy god, no.