Viewing profile — xqk8

He was Italian, C− for effort

It certainly doesn't largely refer to that. It requires a central actor to defraud new investors, promise investors returns that haven't actually been realized, channel their money…

A Ponzi scheme without anyone running it isn't a Ponzi scheme. > new money is needed to pay old money WOW that's a broad definition. Turns out my 401k is a Ponzi! Do you know the d…

A Ponzi scheme requires a central actor like Charles Ponzi, you're quoting a description of a "purely algorithmic stablecoin" which implies no central actor to channel new investor…

You can, it's called NPM