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The entire crypto ecosystem is a ponzi

coppolacomment.com

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Re: The entire crypto ecosystem is a ponzi

#5

Post by the_mitsuhiko »

jrm4 wrote: post #3
seydor wrote: post #2

Quoted post unavailable.

This. Today's stock market bears little relation to "a thing where you can buy shares of a company, and if it does well you can get paid by selling it."

And yet there is a legal definition of a Ponzi scheme.

Re: The entire crypto ecosystem is a ponzi

#6

Post by chrisgd »

seydor wrote: post #2

Quoted post unavailable.

I don’t think that is true at all. There is economic value in a piece of equity in google. The price someone is willing to pay for it changes frequently.

Crypto is closer to art than anything else. I get less value from a rothko than someone else may

Re: The entire crypto ecosystem is a ponzi

#7

Post by yieldcrv »

the_mitsuhiko wrote: post #5
jrm4 wrote: post #3

Earlier quoted context omitted.

This. Today's stock market bears little relation to "a thing where you can buy shares of a company, and if it does well you can get paid by selling it."

And yet there is a legal definition of a Ponzi scheme.

and yet every time it is actually prosecuted in court (not settled or plea dealed) the distinction blurs because the difference between something legal and illegal can’t be found
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