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Something is weird indeed, why some companies are allowed, but not some individuals? Cryptocurrencies are ponzi schemes, and for some reasons institutions are

Something is weird indeed, why some companies are allowed, but not some individuals? Cryptocurrencies are ponzi schemes, and for some reasons institutions are protecting some of them, why is that? Is it because they depend on it? https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-central-bank-digital-currency-cbdc https://www.mckinsey.com/featured-insights/mckinsey-explaine... Why would they depend on fraud? My last comment got "flagged" because i said the exchanges are selling ponzi schemes, hence my questions Are they trying to create a giant world wide financial crash? because that's what's going to happen if none of that is regulated/banned (see FTX)

bboygravity 4y ago
> My last comment got "flagged" because i said the exchanges are selling ponzi schemes, hence my questions Earlier you write "cryptocurrencies are a ponzi scheme". That doesn't make any sense. Also if centralized crypto exchanges are ponzi's (I agree, many/all are) so are many "normal" stock brokers. Many of them take your money and give you nothing (but change some values in the GUI you see to "reflect that you bought stock"). Your order probably doesn't hit any lit exchange (doesn't ever influence stock price), In the best case you hold an IOU in street name that is maybe, maybe not taken into account by clearing houses and in the worse case your order info is sold to hedge funds who front-run your trade (aka stealing), your IOU is subsequently lent out to shorters and/or you are prevented from buying/selling at crucial moments (on purpose). See recent Robin Hood debacle with clients unable to sell winning short positions in SVB (because their "short positions" don't exist in the real world).