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Topic	Bill Maher: Cryptocurrency is a ponzi scheme
ChocoboMogALT 05/02/21 8:05:17 PM #26:	A Ponzi scheme (/pnzi/, Italian: [pontsi]; also a Ponzi game)[1] is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.[2] The scheme leads victims to believe that profits are coming from legitimate business activity (e.g., product sales or successful investments), and they remain unaware that other investors are the source of funds. The problem with Ponzi schemes is that they hide risk and losses. Crypto has some characteristics of a ponzi scheme, but the risk is bare naked and nothing is hidden. If you buy into a ponzi scheme that fails, you made a bad investment that was misleading, if you buy into crypto that fails, you're an idiot. --- "We live in a country Hasire.." ~ yosouf06 REVOLVER STAKE! http://img.photobucket.com/albums/v717/ChocoboMog123/AltEisenRChocoboMog.png <cite>ChocoboMogALT posted [p:953486408] in Bill Maher... [t:79437757]...</cite> <quote><quote>A Ponzi scheme (/pnzi/, Italian: [pontsi]; also a Ponzi game)[1] is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.[2] The scheme leads victims to believe that profits are coming from legitimate business activity (e.g., product sales or successful investments), and they remain unaware that other investors are the source of funds.</quote>The problem with Ponzi schemes is that they hide risk and losses. Crypto has some characteristics of a ponzi scheme, but the risk is bare naked and nothing is hidden. If you buy into a ponzi scheme that fails, you made a bad investment that was misleading, if you buy into crypto that fails, you're an idiot. --- "We live in a country Hasire.." ~ yosouf06 REVOLVER STAKE! http://img.photobucket.com/albums/v717/ChocoboMog123/AltEisenRChocoboMog.png</quote> ... Copied to Clipboard!
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