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"A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors" Sorry to burst your bubble, but cryptocurrency doe
by epinephrinios 5y ago
"A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors"
Sorry to burst your bubble, but cryptocurrency does not work this way.
Your reasoning can be applied to any asset, for example, a shitty house in California that is now worth $1M.