I'm so tired of people saying crypto is a ponzi scheme.
Maybe you think it's nonsense, or a bad investment, but it is not a ponzi scheme.
> A Ponzi scheme is an investment fraud in which clients are promised a large profit at little to no risk. Companies that engage in a Ponzi scheme focus all of their energy into attracting new clients to make investments. This new income is used to pay original investors their returns, marked as a profit from a legitimate transaction.
I'm so tired of people saying crypto is a ponzi scheme.
Maybe you think it's nonsense, or a bad investment, but it is not a ponzi scheme.
> A Ponzi scheme is an investment fraud in which clients are promised a large profit at little to no risk. Companies that engage in a Ponzi scheme focus all of their energy into attracting new clients to make investments. This new income is used to pay original investors their returns, marked as a profit from a legitimate transaction.