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What I meant by " Ponzi schemes are not obvious, until they’re totally obvious. That’s why they keep happening." Is that they are totally obvious once they fal
by FollowingTheDao 4y ago
What I meant by " Ponzi schemes are not obvious, until they’re totally obvious. That’s why they keep happening."
Is that they are totally obvious once they fall apart. No contradiction.
- w1nst0nsm1th 4y agoHey. I offer a 10% return on stock market, every years, in bull as well as bear markets. Does it sound legit ?
- acdha 4y agoI was thinking something like undeniable or incontrovertible might be more apt to convey the period between something being obvious to an objective observer and when even people who are predisposed to want it to work acknowledge that it doesn’t. The magical thinking around blockchains is a good example where the flaws have been exhaustively discussed but there are enough people who don’t like the traditional banks (understandable) and are hoping that it can work if enough people try really hard.