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RE: How to Spot An Obvious Ponzi Scheme
Your post is one of many, I have a huge respect for you for this. You are truly the one who is really helping All steemiens here.
I completely understand your point how to different ponzi of non-ponzi investment. Would you be able to post why BTC and other cryptos are not Ponzi as well?
I tried to say obvious ponzi purposely because there are traits that crypto exhibits that might look like a ponzi. I think what separates it is there are actual use cases and people who arent just asking for money and saying they will multiply it.
Totaly got it! It’s all about the math. Many people don’t look beyond where it makes no sense. Your example is perfect ponzi.