Again, the fraud requirement is literally impossible - it's a category error - an algorithm can't commit fraud. It was conflated in the past because without sm

Again, the fraud requirement is literally impossible - it's a category error - an algorithm can't commit fraud. It was conflated in the past because without smart contracts ponzi schemes were necessarily executed by people. >Unsustainable optimistic speculation != Ponzi Scheme Speculation on a token that doesn't generate any income and isn't backed by anything is one version of a ponzi scheme, yes.