I heard this for the first time last week and I couldnt believe the business model. Its effectively a ponzi scheme but the scheme originater was just so relaxed

I heard this for the first time last week and I couldnt believe the business model. Its effectively a ponzi scheme but the scheme originater was just so relaxed about it as if it was nothing to be concerned about and was perfectly normal. I think in the Cryto world though the participants, on buy and sell sides, are all fully aware though, all they seem to be concerned with is how much of a speculative boost it will give to the coin price so they can land a 1000% gain in a few days/weeks/months and then cash out leaving someone else holding the baby.