3 ms·
The author seems desperate to justify the existence of this blatantly obvious Ponzi scheme. Also on display is the oft associated arrogance that insists that t
by FullyFunctional 4y ago
The author seems desperate to justify the existence of this blatantly obvious Ponzi scheme. Also on display is the oft associated arrogance that insists that the only reason people are against Crypto currencies is because they “missed out”.
What a depressing load of manure. I can’t wait for it all to crash and burn yet I feel sorry for the many who were duped and lost a lot of money they couldn’t afford to loose.
- deleted 4y ago[deleted]
- dubswithus 4y agoIt's not ponzi, it's greater fool. It's entirely possible for bitcoin to exist without new participants buying into it.
- beefield 4y agoNot sure I follow. Ponzi can also exist without new participants buying into it - as long as the existing ones keep pumping money into it. And on the aggregate, bitcoin is negative sum game. Someone must pay for the mining costs and that money must come from outside bitcoin.
- dubswithus 4y agohttps://www.investopedia.com/terms/p/ponzischeme.asp https://www.investopedia.com/terms/p/ponzischeme.asp Doesn't share the same characteristics.
- smokey_circles 4y agoAren't new investors the required check for an investment scam like a ponzi scheme? Genuine question