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Social Security isn't a Ponzi scheme. It's not hiding how it's funded, has accurate transparent accounting, and isn't misleading anyone about it. It's more like
by SideQuark 4y ago
Social Security isn't a Ponzi scheme. It's not hiding how it's funded, has accurate transparent accounting, and isn't misleading anyone about it. It's more like insurance.
Pay as you go isn't a Ponzi scheme.
- panarky 4y agoThen Bitcoin isn't a Ponzi scheme either. It doesn't hide anything, it's far more transparent than Social Security, it doesn't mislead anyone.
- SideQuark 4y agoI didn't call Bitcoin a Ponzi scheme. It's more of a pump and dump scheme where people extol made up virtues to get suckers to put money in, and as demonstrated for well over a decade now, it's a complete financial crapstorm filled with theft, criminal activity, and people stealing incredible sums of money from the unsuspecting. But sure, it's not a Ponzi scheme. It just makes them easier to do to people.