LogFAQs > #965053085

SquantoZ posted...

I'd argue that the entire stock market is a bit of a prolonged ponzi scheme too though

They never were and never will be remotely comparable. Cryptocurrency is 100% speculation, with literally no value behind it. It's not even valuable as a currency, let alone a commodity.

Stocks at least represent percentages of a company. Cryptocurrency only has value through pure speculation. That is, by definition, what a real Ponzi scheme is.

If you pull out of a Ponzi before it collapses, you're merely shifting the final devastating collapse to someone else. It's basically financial hot potato.