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> not in an abstract way No, that is market manipulation, you've made a common mistake, a Ponzi scheme is very specific. Is tweeting "Buy TSLA!" a Ponzi schem
by TAKEMYMONEY 5y ago
> not in an abstract way
No, that is market manipulation, you've made a common mistake, a Ponzi scheme is very specific.
Is tweeting "Buy TSLA!" a Ponzi scheme? Do you know what Charles Ponzi's role in his scheme was?
In a Ponzi, the operator actively channels the money to older investors. It's not an abstract "investors get richer" idea.
Bitconnect was a true Ponzi scheme, and it used cryptocurrency. So if all cryptocurrencies are Ponzis by their nature, what makes it any different?