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It is neither pyramid nor Ponzi. Bubble or mania probably. In pyramid money comes from recruits directly under, in ponzi central party pays out from new and ol

• butokai 2y ago
  If one is to believe that there is no other usage for a Bitcoin besides having a digital ticket worth 60k+ USD, then those people selling those tickets would be organizing one of these schemes. In order for it not to be so, you need to believe in there being some other usage to a Bitcoin (indeed, there is more to your Nvidia stock than its counter value in USD).
  • onlyrealcuzzo 2y ago
    The use is that they think the digital ticket will outperform the s&p 500 exponentially.
  • seadan83 2y ago
    > indeed, there is more to your Nvidia stock than its counter value in USD With large percentage ownership, I agree. Namely board positions and votes. Failing that though, honest question, what is the value other than speculation (and the belief that asset will yield a greater return than other assets, or will serve as a hedge, all of which really are speculations with no greater value other than the countert value in USD). Hence, could you expound on what those other values are? (In the common case of someone that owns less than 1M shares)
• sealeck 2y ago
  > Bitcoin is not either anymore than say Tesla or Nvidia... Except at least Tesla and NVIDIA are actually doing things that are kind of useful (crime and speculation don't count as useful applications).