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   cjd (cjd@pkteerium.xyz)'s status on Monday, 07-Oct-2024 17:38:50 JST cjd
   Using the term "Ponzi scheme" when what you really mean is "speculative bubble" turns a relatively intelligent post into retarded drivel.
   
   Ponzi Scheme Has A Specific Defined Meaning.
   • Embed this notice
     cjd (cjd@pkteerium.xyz)'s status on Monday, 07-Oct-2024 17:38:46 JST cjd

     in reply to

     • relentless_eduardo
     A Ponzi scheme has a specific name because it's an especially nasty type of fraud which has ruined a LOT of people in the past.
     
     What makes a Ponzi scheme is when some bad guy:
     
     1. Starts taking people's money, telling them that he's investing it in <some asset>
     
     2. But this is a lie, the asset does not exist, he just takes their money and holds it
     
     3. And he falsely represents the "stock" as going up in value, and uses the money to pay investors who want to cash out
     
     4. Until he runs out, then he skips town and everybody remaining loses everything
     
     If you don't have a bad guy taking people's money and lying about what he's doing with it, it's not a Ponzi scheme.
     
     Ponzi schemes are actually quite rare in crypto because it's too transparent to allow "the lie" to happen.
     
     But because Ponzi schemes are SO DAMAGING (See: 1997 Albanian civil unrest), high-functioning retards use the term to refer to anything speculative in nature which they don't like. It's the financial equivalent of the "literally Hitler" meme.
     on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ likes this.
   • Embed this notice
     relentless_eduardo (relentless_eduardo@freeatlantis.com)'s status on Monday, 07-Oct-2024 17:38:47 JST relentless_eduardo

     in reply to

     @cjd

     yes, the poster, Tobias Ruck, probably German, is stretching the definition of ponzi scheme.

   • Embed this notice
     cjd (cjd@pkteerium.xyz)'s status on Monday, 07-Oct-2024 17:38:48 JST cjd

     in reply to

     • relentless_eduardo
     You can, and it's still retarded.
     
     Read it again:
     
     Ponzi scheme has a specific defined meaning.
   • Embed this notice
     relentless_eduardo (relentless_eduardo@freeatlantis.com)'s status on Monday, 07-Oct-2024 17:38:49 JST relentless_eduardo

     in reply to

     @cjd

     you could say the same for pump-and-dump stock promotion

   • Embed this notice
     on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ (lain@lain.com)'s status on Monday, 07-Oct-2024 17:39:11 JST on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ

     in reply to

     • relentless_eduardo
     @cjd @relentless_eduardo anything financial that people don’t understand is either tulip mania, a Ponzi scheme or money laundering
   • Embed this notice
     cjd (cjd@pkteerium.xyz)'s status on Monday, 07-Oct-2024 17:40:12 JST cjd

     in reply to

     • on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ
     • relentless_eduardo
     Lain's Law.
     on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ likes this.