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Ya know, Amazon stock is the same. Is that a ponzi? Maybe it’s a super ponzi because unlike BTC, Amazon can keep issuing common stock, which pays no dividend.
by randomhodler84 5y ago
Ya know, Amazon stock is the same. Is that a ponzi?
Maybe it’s a super ponzi because unlike BTC, Amazon can keep issuing common stock, which pays no dividend. BTC is capped at 21M.
Non-dividend stock is shuffling funny tokens between investors who hope it will be worth more in the future.
So either lots of things are ponzis or maybe they are not ponzis at all, and the definition doesn’t work.
- hypertele-Xii 5y agoThe difference is, Amazon apparently performs useful work. Bitcoin is literally an energy-wasting contest.
- randomhodler84 5y agoConsumerism at your fingertips, delivered; or a censorship resistant peer to peer monetary system. I know which does more work for me!