3 ms·
>obvious Ponzi schemes like Tether a ponzi scheme pays out dividends or interest from deposits. unless tether is taking money from tether sales and paying it
by basch 5y ago
>obvious Ponzi schemes like Tether
a ponzi scheme pays out dividends or interest from deposits. unless tether is taking money from tether sales and paying it out to holders a kickback, it doesnt fit the definition.
printing shares of tether and having more shares out than underlying collateral (which im not accusing them of doing) is just fractional reserve lending...