Quote:
Originally Posted by sugarwood
You're right, calling it a Ponzi is too legitimate. Crypto is not even a closed loop Ponzi, since it is generated out of thin air. There are thousands of worthless cryptos.
I can create a new cryptocurrency today, create 50 million tokens, buy 3 of them for $1 each, and viola, $50 million marketcap out of thin air. There is far less real money money in the system than the marketcaps suggest.
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Very accurate still.
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