https://unherd.com/thepost/is-crypto-just-one-big-ponzi-scheme/
This article ignores other potential benefits to crypto (that is, beyond a possible rise in price) and also ignores precious metals, which like crypto offer no interest payments or dividends but have other benefits. The article also ignores some of the possible RISKS of crypto (e.g., that the alleged security and privacy might be illusions, outright theft by an exchange, loss of a wallet or a password, etc). Metals also have risks (theft of physical metal for instance, including government confiscation, plus the added risk if one uses a third party to hold the metal).
There is nothing in life without risk; assessing risk and choosing which ones to take on are among the more important life skills.
Defining whether or not something is — or has become — a Ponzi scheme has been long forgotten; it involves working out if an investment’s underlying structure creates a negative-sum game. With regulated securities, such as stocks and bonds, investors receive a combination of interest payments, dividends, and cash flows, making these, at the very least, a zero-sum endeavour. With crypto, however, investors receive none of these, only benefiting from a potential rise in price — the so-called greater fool theory.
This disparity, among other things, has led many financial commentators to describe even the number one crypto, Bitcoin, as a negative-sum Ponzi scheme (one FT story suggested it was even ‘worse’ than that). If Bitcoin’s ecosystem collapses, funds can’t be returned to holders because its price going to zero means there’s nothing to recover. But with a Ponzi scheme, funds can be recovered and returned to investors. Following the collapse of the infamous Madoff Ponzi scheme, 14 out of 20 billion dollars initially invested have been recovered from offshore accounts.
For now, Bitcoin’s Ponzi status is irrelevant. Bankman-Fried has simply joined the increasing list of crypto’s nobility who’ve accidentally gloated about profiting from dubious financial structures. Mike Novogratz, CEO of Galaxy Investment Partners, infamously likened Bitcoin to a pyramid scheme, despite how his company’s primary function is cryptocurrency investments. Meanwhile, outlets in the crypto media have also embraced Ponzinomics, like CoinDesk publishing an article with a lede reading: “Yes, it’s a Ponzi scheme. But who cares?”
No. Crypto is incredible technology and it's designed to remove power from centralization. If you invest $1000, you can only lose $1000 - the FUD tries to act like you can lose your life savings just by investing a small amount. Meanwhile, it's gone up more than 10,000% - so a small amount would have made you rich.
The world banks are a ponzi scheme; crypto is not.
Decentralized crypto is to central banking what torrenting is to Hollywood and the music industry.
There's still so many people on this sub that don't understand crypto and the power of decentralization...
Hi! I put up a digital image of my dog on the internet. Please pay me $35,000.00 for it! I know it is worth that much!
Again, you're not thinking about what the technology means and you're focused on people selling pictures. What about official documents and transactional data? How about banking data and research data? Do you not see the impact blockchain has on those things?
You're like the people in the 90s making the argument that the internet is stupid and has no real use because people only use it for funny pictures and simple landing pages.
Just tell me, is this offering based on revolutionary blockchain technology? If so, then it must be valuable, because blockchain, and I will sell some shares of profit-making, value-creating enterprises and transfer that value to you. Thank you for not just creating unique creations that must obviously be of great value, because blockchain, but from also liberating me from the financial oppression of a corrupt system.
That's a perfect analogy!
For folks who are struggling, you know what the internet did for information, right? Bitcoin's doing that for money.
But where people get hung up is, they don't truly, fully understand what money is.
Money is (supposed to be) a way to store the economic value you create with your time, energy, skills, and smart investments.
Fiat currency fails to store the economic value you generate due to rampant money printing.
Money =/= currency.
Money is a store of value. Currency is used for exchange.
Money: Gold, silver, bitcoin, and anything else that can retain value, including collectibles.
Currency: The worthless garbage central banks print
Currency is the vatican holy see(sea) fiat fantasy garbage, hence the synonyms to water.
Yes the paper based system is much more the ponzu than crypto. But comparing crypto hard to say maybe have some crypto some gold some silver. Each are used in different scenarios.
Crypto is the largest ponzi scheme ever. China made a majority of those 10,000% profits. Its a chinese invention that you needed chinese equipment to mine. China then used said equipment until it was almost no longer profitable then sold it to the consumers to hold the bags.
The price isnt real, if youve been paying attention to gamestop you'll see that bitcoin price if insanely inflated.
Think about it, whats worse than a dollar backed by nothing, a digitial dollar backed by nothing. I mean you have people buying phony digital money iwth phony paper money.
Its all a scam and will come crashing down hard.
Where is your proof it's a Chinese invention? All signs point to brits and Americans lol
The inventor is supposedly japanese, but the chinese were WELL ahead of the curve in monopolizing the entire system. They were producing mining equipment since the very beginning. Almost all mining equipment has been produced by the chinese. Three private chinese mining pools own a majority of all bitcoin.
If anything, it was a communist/cabal attack on the petrodollar.
Where do oyu get brits and americans? They had almost nothing to do with bitcoin until well after its value skyrocketed. Up until it hit 10k a piece i think the chinese private mining pools owned like 90% of all bitcoin.
What??? He's not Japanese at all! You have no idea what you're talking about. Satoshi Nakamoto is a pseudonym.
No shit genius, but his claimed country of origin is japan. Go read his wiki page and learn a thing or two.
Cracks me up when people downvote but dont respond.Just take the L with dignity.
I'd like to know how bitcoin is a ponzi scheme. That Satoshi Nakamoto must be the most patient rug puller in all of human history. You guys can't generalize crypto because not all are created equal. Doge bullshit is just that, bullshit.
I don't understand where this ponzi scheme sentiment comes from. Why has Satoshi not sold anyrhing? Why has he not stolen anything? Why has he not suddenly just stopped everything? It makes no sense.
How is something like loopring a ponzi scheme? Being able to create a stock market where you actually own the shares instead of an IOU is not a bad thing. It takes power away from the hedge funds, SEC, and the power players on Wall Street. How about ownership of licenses, permits, certificates, and other official documents? They can no longer be faked or stolen because the real one is locked and owned by you. Where's the possibility scheme?
Do not look at crypto as a whole like this article talks about and look at individual projects. There are ponzi schemes in the car industry, so should we not buy cars?
Just look at the replies in this thread. As usual the naysayers have no real arguments and are not able to analyze decentralized crypto in depth. They have no real understanding of this new and powerful technology.
Just the fact that the the ENTIRE financial industry blocked donations to Wikileaks years ago and Wikileaks was able to survive thanks to Bitcoin donations, should tell people how amazing Bitcoin is. It's decentralized and unstoppable. Big power players can only spread FUD to negatively affect Bitcoin. And still people believe this cRypTo is a PoNzi ScHemE nonsense.
Most of these people don't even understand that there's billions of people in the world that don't have access to banking services or that have limited access to banking services. This is why a large portion of the Kenyan economy is now run on the Mpesa CALLING MINUTE exchange system. People pay eachother with mobile payments by exchaning the calling minutes they have on their mobile phone plan.
It's very obvious to anyone who has done some research into crypto that it absolutely is here to stay and holds great promise. With crypto anyone in the world can have access to banking services on their phone. But some spoiled Westerners just keep yelling it's a ponzi....
Munger types
You guys get all worked up over "decentralized" and forget that 900 people own over half of all the bitcoin in existence. It might be the most centralized currency out there.
You get all worked up over safe and anonymous. It is neither. Every transaction is traced and recorded. Hacks for billions happen regularly. Basically when ever they want to.
And its digital. If the internet goes down your money doesnt exist. If the power goes down, your money doesnt exist.
Crypto is none of the things it was hailed and propped up for.
How many people own all the gold?
Every country owns a large portion. Its actually distributed pretty well among all civilized countries. Gold is the most decentralized of any form of currency.
What's this argument that if the power goes out, you lose your money? Where the hell did you hear that? The whole point of a decentralized blockchain is to preserve data forever, since you would have to delete every copy in existence and good luck doing that when there are tens of thousands of computers all over the world all simultaneously working to prevent it.
At most, you would temporarily lose connectivity, but your funds will always exist and be accessible as long as you have your private key.
Please stop with the power outage FUD.
How are you going to use your digital phony money when the power is out? Or when the internet is out? Or both?
Say the power is out for several days, youre in line for your ration of gas at the local gas station. Its your turn and you ask the attendant if they'll take an IOU on your digital money? You'll get laughed out of every store in existence.
Want to trade or barter for goods? Imagine trying to trade a bitcoin during a crisis for some food. Lmao, they'll tell you to beat it.
Why are acting like those conditions would be permanent? Do power outages happen? Of course!
So you can't use crypto in that situation. Use something else, like silver, as a backup for offline transactions. Crypto is better for digital purchases because that's what it was designed for. No one is saying to ditch metals for crypto, but to act like this is a reason not to use crypto at all is just retarded. And if you're worried about traceability look into Monero.
There is absolutely no reason to still be using banks for storing your wealth.
Just a couple years ago new york's power was out for 8 days. How would you go 8 days without any purchases? And if you need metals or paper money as a "backup" then why have crypto at all?
There is no need for digital currency.
What we need is a dollar backed by gold or silver.
I guess if you plan on never needing to send money to someone who is far away, or buying nonrefundable services from other people, and you plan on carrying your gold and silver with you everywhere you go, then yeah I guess you're right, crypto is useless.
Patient? How many hundreds of billions did the chinese make from bitcoin and from the sale of bitcoin mining equipment?
What does that ha e to do with Nakamoto and what does that have to do with rug pulling?
Why would they pull the rug when they are still making billions upon billions? When the scam is near the end they'll dump their coins and probably have made several trillion start to finish.
Cracks me up when people downvote but dont respond.Just take the L with dignity.
The only way he could "pull the rug" would be to sell his whole stash. That's about 5% of the total supply. So let's find out what would happen if he did, obviously that would create a temporary massive dip in the fiat exchange rate, if he sold everything.
But the rate would not go below $0, heck not even below $10 as there are always people waiting down there to scope up very cheap in the even a whale would sell. Also, after such a massive dip people would instantly rush to buy in, despite limited supply.
It's only 1M BTC, if sold for a few dollars that's just a few million dollars, which ain't much profit for him.
Then there's the question, what would he sell to, any fiat currency would expose him to the government who is looking for him, it would also allow the government to seize all his fiat currency, and the tax would be insane. Why anyone would wanna do that is beyond mystery.
Fine if he takes out small portions every now and then to buy himself nice things without attracting too much attention, that wouldn't affect the exchange rate and wouldn't harm anyone. I guess that's the closest thing to a rug pull we're ever gonna see.
The whole world would be alerted the second any of Satoshi's coins move, even if its just a little bit. His addresses are public and there are whalebots on twitter that monitor that sort of thing.
A lot of people believe he's dead, so any of his coins getting sent would be huge.
People don't see how XRP and the other ISO compliant cryptos are gunna be the base of the new financial system. A lot of truth seeking people just dismiss it and idk why.
Aside from XRP, it's funny the vast spread of crypto "insights" from hero to zero and in-between.
100% and mostly just because there is still almost no regulation. Rug pulls left and right. That's why I only invest in the ISO compliant cryptos. The wild west days of crypto are almost over and only the utility tokens will be able to survive.
The next major thing will be privacy coins. Who wants to do all their business on a public blockchain? That's like displaying your wallet contents on a big sign in your front yard.
The crypto market is manipulated and used to extract wealth upwards in the same vein as the stock market. So, I'd say the market is a ponzi scheme, not the assets themselves. Lots of cryptos have useful applications.
No Some hysterical fucking comments below though. hahah
No, it's the future. Lots of crypto projects are though...choose wisely.
Agreed. Choose wisely.
Many products claim decentralization but that’s far from true.
Is Fiat Currency on big ponzi scheme? Yes. Your dollars value depends on the next generation of peeps buying into it.
Yes
Crypto is a commodity in the sense it uses commodities to make it i.e. energy. So in a sense trading use of mass (gold) to use of energy. So in that sense it is much better than just paper that can be printed or snapped into existence by the Fed.
Wow.
Are you serious?
Large amounts of energy are unquestionably used in contriving a bitcoin, but does it store ANY of that? Not. At. All.
That’s like building a house, burning it to the ground, and parading around with the ashes talking about how valuable they are because of all the energy and effort that went into their creation.
That’s not creation of value, that’s not storage of value. That’s a recipe for destruction, and is a symbol of nothing but mass insanity and money-for-nothing greed run rampant.
Supply and demand just like anything including gold. Distinction should be made between utility vs worth which are totally different. Water has high utility but is cheap because of high supply. Gold jewelry has low utility but is worth a lot because scarcity. Based on supply/demand crypto has value because of that. It has to do with work effort to create a new one which is getting harder and harder based on the algorithm (constraining supply) and increasing demand because fiat is dying.
Demand for a good has (outside of outlier luxury goods like anachronistic Swiss watches whose manufacturers can put thousands of hours into a tourbillon that is outperformed by a $10 watch) absolutely no basis in how much work goes into a product.
The supply and demand intersection will always ultimately converge on the real value (in the case of uncollateralized fiat currencies, unlike air-back cryptocurrencies, value is predicated on the “full faith and credit” if the issuing state, and as soon as states become more and more unable to meet their financial obligations, their fiat currencies approach the intrinsic value of “cryptos”… zero).
You can have bubbles and frenzies that temporarily push prices way above the intrinsic value (tulip bulbs, Japanese real estate, Beanie Babies, “cryptocurrencies”), but this phenomenon always depends on new money, the “greater fools”, rushing in, seeking the widely-touted returns that early entrants got. But when no actual value is being created by an enterprise, it’s a zero sum game (or worse) - “cryptomillionaires and cryptobillionaires” didn’t create a damn bit of value - everything they’ve pulled out was funded directly by later entrants, who just haven’t discovered they’ve lost their shirts yet.
Cryptocurrency shills sound just like Beanie Baby collectors who thought they were going to fund their kids college tuitions with their closets full of “rare, limited supply” Beanie Babies. There’s no lasting value in something with no intrinsic value. “Cryptos” are the most transparently laughable scam ever. Sure, some people made money buying and selling beanie babies, but far more people ended up with rooms full of near-worthless stuffed animals, which, unlike a looted online token, actually still retain some value.
And no, there’s not even a backstop in a demand for unsecured cryptocurrencies as an intermediary currency - they can currently serve as a (highly unstable) exchange currency now, but only because the prices are presently being propped up by greater fools entering the market, greedily chasing illusory windfalls. This will stop, with 100% certainty, and the prices will converge to the true value - zero.
Until the power and/or internet goes out. Then your money doesnt exist during that period lol.
In that case lead and brass and life support supplies have more value than even gold.
That is a good point.
But at least with cash, thats backed by gold, you sitll have the ability to make purchases and even in some shtf situations cash will still be viable.
Bitcoin doesnt fill any need or serve any real purpose and cant be used at all in any crisis situation let alone would anyone want it.
Yet another IQ test people are failing. What happened to gold backed currency decades ago? Politicians took us of the gold standard.
What happened to the company called E-gold in the 2000s? They had electronic money backed by gold. The feds came in and shut down the company and the founder went to jail.
With decentralized crypto there is no central point of failure. There is no central point or person to attack.
There's a reason why Hollywood and the music industry are powerless to stop torrenting. It's because torrenting is decentralized. There is no central point to attack like with Napster.
The most sensible comment here. The current state of crypto is like what the internet was in 1990. The implications of blockchain applied in an economy will be profound.
Uh oh, cue the fud
Life is a PONZI scheme, Federal Reserve Notes are a PONZI scheme.
Is crypto? Beets me and don't care but I have bought some. Never hurts to have variety in your inflation hedge fund.
Although I've probably bought 10x more silver bullion than crypto, physical precious metals are the way to go, especially if you have a place to store them lol
The problem with crypto is it has the value the public gives it. If it was only bitcoin and it really was a finite thing like gold... you can't just make more of it... then people could and would give it value thus it would be useful as currency. That isn't what's happening though. The moment people saw it could be used as a vehicle to make yourself rich EVERYONE AND HIS BROTHER PLUS HIS COUSIN made their own crypto. There is what like 10 that people respect and another 50-100 that no one gives a shit about? Explain to me how that is any different than the Federal Reserve printing money by pushing a button on a computer and POOF a bond is created... move it around and its money. SAME FUCKING THING.
In the end it needs control, but the moment someone takes control and limits the supply the person in power will just abuse it and print more only when they can benefit yada yada yada... same shit different decade, different technology.
Here is the simple test... are you rich if you have 50 zillion bitcoins... or are you rich if you've managed to convert those BC into US dollars/EU Euros at the right moment when the price is high??? Get it? The fiat currency has value and everyone knows it. BC is like stock in a company. Everyone knows at any moment a bad earnings report will cause it to crash. BC is just day trading for geeks.
The real problem is they are printing too much fiat currency and soon nothing will have value but gold, silver, and hard assets like land, food, etc. If fiat was stable and governments weren't going full tyrant BC would have 1/10th the value it does right now. When the governments complete full tyrant mode BC won't save you from them kicking in your door and shooting you. After they torture you to get your pass key to your BC wallet of course... and the safe combo for the gold... and the location of your secret stash buried in the woods. :)
I'll phase this another way... you're asking the wrong question. Of course crypto is a Ponzi scheme. The real question... is fiat currency a government run Ponzi scheme??? :)
Of course it is.
So it IS a Ponzi scheme? Seems like this horrific verbiage signals that. Whenever I read things written in academese, or financialese or other too insular types of verbiage, my mind goes blank. Like now......... I claw my way back to clarity, somehow.
This may be the first post I've seen that has generated more comments than upvotes -- currently 60 upvotes (62 - 2) and 73 comments.
And the viewpoints in the comments are sharply divided. It's a very interesting comment field.
The stock market.
People need to be very very very cautious about crypto. It is a currency but its acting like an investment, and its more volatile than the stock market. Imagine paying $50 for groceries one week, $200 the next, then $100 the week after. Its insane.
Add into that now there is something called NFTs, or basically made up bits of code that are going for large sums of money. For what? Some digital collectible thing no one cares about? Probably money laundering.
Don't get me wrong, I am optimistic, but in its current state, crypto is an investment, not a currency.
I realize most of this sounds rude, but it's not meant to be. This is just pointing out where you're missing some points.
You're making a logical fallacy by saying crypto is dangerous because people treat it like a stock. You're correct that that's a problem and when the dollar crashes people will pull their "investment" money out of bitcoin, but that's a temporary drop. Those of us that understand what bitcoin is will buy more and suck up the losses from those that sold out of fear.
You also don't understand what NFTs are and you're being short sighted. Initially people are selling jpgs and gifs as NFTs, but that is not at all the real use. How about documents like birth certificates, business licenses, diplomas, car registrations, etc? How about emails, records, entire databases, scientific research, etc? You're missing the whole point of NFT technology because the market of jpgs has been taken advantage of by people looking for a quick buck. Ownership of digital assets has very real use cases, so I would not be laughing at the technology just because of what the media throws in your face.
You clearly read way to much into that. I just said be careful. This is uncharted territory, nothing like this has ever been done, there is a lot we don't know about it, including who has the most bitcoins and this person who started it.
But no, please, continue to pour your discretionary income into it. Its your life.
Yes. Remember, if crypto was real and actually the future...
The richst most powerful groups in society will be the Chinese and Islamic terrorists. They're the ones pumping out the most hash.
Also when eth goes proof of stake, it'll be those groups who are on top. The hobby miners who swear it's going to change the world will be left with equipment that's worthless
How is that different than gold? Gold is owned and hoarded by the richest people and the largest countries. So is it therefore worthless and not the way we should back our money?
Because gold is biblical, our souls are likened to gold. The act of salvation turns the soul golden, this is trialed and results in eternity. Heaven promised to us is paved with gold.
Gold is what the the set the Spanish to sail to the new world, what made the alchemists become the chemists, and drove the frontiersmen to go west and tame the American wilderness
Gold is precious and noble on an atomic level that science can prove and has an infinite number of advanced technical use
It is also can make a woman's heart flutter like most things can't.
Short to say, that's why gold is...well..gold.
Have you heard of Ormus? Monoatomic gold (non-metal form). Superconducting at room temp and supposedly is a miracle elixir if you drink it with water.
Never, thanks for the lead. I'll have to research
Three private chinese mining pools own 3/4's of all bitcoin. 900 people own over half of all bitcoin in existence. Its one of the most centralized currencies there is.
PoS isn’t really crypto and will be the end of Eth if they actually switch. They know this and thats why it never comes out.
Yes.
Crypto is PONZI.
Agreed. Crypto is not HARD CURRENCY. You can't hold crypto in your hand like gold, silver, coins or bills.
It sure-as-sht is, as well as being a serial pump-and-dump scheme turned up to 11… thousand. Every “bitcoin millionaire” or “crypto billionaire” is buying their newfound hookers, blow, mansions and yachts with the value of the hard-earned assets that greedy “greater fools” converted into inherently worthless virtual tokens. These folks certainly didn’t bring those millions or billions into the system, but they keep pulling money out, on the backs of suckers. When this collapses, when the last greater fools has bought in, token holders will realized that the bags of money they thought they were holding have been systematically looted.
Zero value is created (in fact, it’s destroyed) in this scheme, so what money magick do crypto cult members believe could possibly justify its increase in value? Contrived scarcity? When the underlying currency has no intrinsic value whatsoever, there’s absolutely no value conferred by scarcity.
It’s absolutely insane that people keep throwing their money into this laughable hole, but greed and ignorance are a wicked combination.
The fact that people are stupid and always gold rush the latest thing and fall for every scam in a gold rush field is not remotely indicative of the viability of the tech in question. Energy is being spent to generate a token of ownership that represents the value of running the proof of work and expending that energy. Blockchain is a technology that has many possible use cases and the crypto side of it is just a beginning. Yes there are shitty altcoins and fad NFTs but it's like the internet and the dot com boom - the potential of a tech is clear, people rush in and create rubbish and crash it; after a time the proper use cases are found and the tech explodes. The same thing will happen with blockchain but Bitcoin is already a proven quantity.
You have to understand, and I’m saying this as gently as possible, you’re serving up desperate lunatic reasoning. Energy input does, in absolutely no way, equal value created. That’s akin to building a semi, fueling it up, crashing it at full speed into a walk, and claiming “Energy is being spent to generate a token of ownership that represents the value of running the proof of work and expending that energy.”
That’s not the description of value creation. That’s flailing.
And the gee whiz neato technology imparts ZERO inherent value to any blockchain currency that it’s based on. The printing press was world-changing technology, but imparts absolutely no inherent value to paper money beyond paper money being something you can burn to stay warm… something you can’t even do with blockchain currency.
Zero intrinsic value, no store of value, no creation of value, a price only propped up by new entrants to a system looking for money for nothing as the smart money early entrants constantly convert out of these scam currencies into tangible assets. And all every Ponzi participant can ever point to is “Well, look at all the money I’ve made, and you can do it to!” It’s 100% a scheme based upon continued entrants of “greater fools”, and these always implode into nothing.
Gosh, how could a money-for-nothing, ever-escalating scheme not be a total scam to separate greedy idiots from their money? 🤣
And you have to understand you're missing the point by focusing on your pet annoyance - you're like the guy who said "who needs sound in movies!" Stuck in the past and unable to see the future.
You're harping on about currency which is only one aspect of blockchain tech. You're like the people who said "mp3?? why would I need my music compressed! I have 100s of great vinyl records!" Duh.
Yes, blockchain is merely the delivery mechanism, it is not the content itself. We are all aware of this. The point is, the technology is FREEING. It aligns with everything we in the Q movement care about. Decentralized - no dirty banks or orgs controlling it centrally. It's not just about currency. A social network could be created that would allow all the users to control their own data and their own identity token. No govt edict could bring it down as the system could simply move somewhere else. Blockchain, like VR and many other groundbreaking tech before it, is not going anywhere. It will take some time to find its feet, as all paradigm shattering tech does, but when it does, people will figure out proper use cases for it and it'll take off. Cry all you want about current implementations and fools wetting their feet but what anyone can see, if they look properly, is tech that provides real value and utility.
Oh my goodness, just stop flailing. My “pet annoyance” is the direct answer to the question.
Meanwhile, your ridiculous diversion about the “paradigm shattering tech” is plainly because you obviously can’t reasonably argue that any unsecured cryptocurrency isn’t a hollowed-out, fundamentally worthless token whose late entrants are funding the real-asset fortunes of the early entrants, and that the house of cards will collapse into worthlessness immediately upon the cessation of the inputs of capital by greedy greater fools. That’s plainly what’s happening, and you realize you can’t make a case otherwise, so you wax fantastical about the facilitating technologies, which bestow zero intrinsic value to a comically worthless and useless “asset.”
lol you're either a troll or shill with this repeated disingenuous response. You're worse than leftist trans apologists xD. Ignoring everything I say to keep pitching your personal vendetta against crypto because you clearly don't actually understand blockchain is like the trans teenager crying that you're calling him a 'he', whatever the biology says.
Ok, now I know you understand that you’ve now simply devolved to total projection, exactly like a Leftist. It can’t feel good, but there you are. It was the only way you could avoid the honest answer to the question. You became a total mess out of fear of addressing the plain truth.
Is Crypto is big Ponzi scheme?
Of course it is. When the new inflows of assets stop, it will instantly implode to nothingness. This is unquestionable. If you wanted to argue this matter, you would’ve. Instead, you prevaricated, you pouted, and you patently projected.
You want to keep talking about the question? Please, have at it. I’ve been nothing but straight and clear, and you full-well know this. But if not (and it’s laughably clear you don’t, since you’ve done everything to avoid it), sincerely, reflect on that. Your have the answer. You know more than you’re willing to admit.
lol - proven troll/shill. Keep talking bullshit. Everyone sees right through you, shill.