> If something only has value because you think you can sell it to the next sucker for more, it is a ponzi scheme. That's not what a ponzi scheme is. In a pon

> If something only has value because you think you can sell it to the next sucker for more, it is a ponzi scheme. That's not what a ponzi scheme is. In a ponzi scheme, there is a fictitious business model that's purported to be turning a profit, and its lack of profit is hidden by secretly using new inflows to pay off old investors. In crypto, none of that is hidden. It's widely known that dollars cashed out by earlier investors come from the coffers of later investors. Since e.g. Bitcoin doesn't deceive people about being a profitable company, it's by definition not a ponzi scheme. Edit: This is a discussion section. If you disagree with my comment, let's respectfully discuss it. I see a lot of voting and no replying.