Sick of people calling everything in crypto a Ponzi scheme. Some crypto projects are Pump-and-Dump schemes, while others are Pyramid schemes. Others are just middlemen skimming off the top. Others are just standard-issue fraud.

Stop glossing over the diversity in the industry.

@juglugs

you are right man goldman sachs is so much more ethical than any bunch of anarchists who want to cut out bankers, lawyers and corporate executives

the stock market is not a ponzi scheme, nor has it grifter middlemen so true

@dynaml @juglugs I’m a bit confused... you don’t think these kind of guys run the crypto as well? Just without any oversight or transparency.

@JonGretar

@juglugs

'run the crypto' is not something anybody who is thoughtful & operating with a modicum of good faith can do much with. the only sensible reply is an insult, which is kind of what this thread is already about

@dynaml @juglugs dude where do you think these funds are coming from? Mining is not free. Some average users for sure gained some money on the instability of bitcoin for example but the big bucks are the same people you mentioned first. Bitcoin is even more unequal in ownership than fiat but the cult seems to believe it’s the currency of the commoners.

@JonGretar @juglugs

you have no fucking clue what it is even for, and no way im going to discuss it with you, since you have no intention of even attempting to comprehend something you don't already believe

this entire thread has crawled up some banker's asshole