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A ponzi scheme has a net value of 0 or less at any point in time. Just because some people can get out more than they put in doesn't mean a ponzi scheme has cr
by codexon 12y ago
A ponzi scheme has a net value of 0 or less at any point in time.
Just because some people can get out more than they put in doesn't mean a ponzi scheme has created any value for the economy as a whole.
- prawn 12y ago"value for the economy as a whole" You've shifted the goalposts there from "has value" to "value for the economy as a whole". If I have money in a ponzi and can exit at that point in time, my stake has value. Later it might not, but at that point it does.