I answer some of this in other comments. > Given those premises, I'd argue that stocks like AAPL or TSLA are part speculative asset (what you're calling a Ponz

I answer some of this in other comments. > Given those premises, I'd argue that stocks like AAPL or TSLA are part speculative asset (what you're calling a Ponzi scheme), while most crypto is all speculative asset. So you're just placing cryptocurrency in the same bracket as a stock that is more iffy than AAPL or TSLA? I do appreciate your use of "most" instead of "all".