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TopicBill Maher: Cryptocurrency is a ponzi scheme
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05/04/21 5:47:18 AM
#66:


SevenTenths posted...
It's backed by the American economy.

Crypto and covid makes it so easy for people to let the world know they have no idea what they're talking about but they saw a tweet once that told them what they wanted to believe.

Just like a ponzi scheme, do you not know what a ponzi scheme is?

And completely false. Crypto only has value by people buying in and you only get return if someone believes there are still more suckers out there. There is no product, no jobs, and no way to exchange it for food, shelter, or anything meaningful without first getting someone to give you a real currency for it.
That is not what a profits distribution is

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