watewat

> buying useless tokens with the sole intention of later selling them for a higher price

Also not a pyramid or Ponzi scheme (as you probably know) or much different than Beanie Babies. This is how capitalism is supposed to work.

> Not to mention obvious Ponzi schemes

The obvious ones are the ones which actually are Ponzi schemes (eg BitConnect, PlusToken).

Buying your own goods counts as a "pyramid scheme" now? That would be market manipulation. A pyramid scheme recruits members via a promise of payments or services for enrolling others into the scheme, and not in an abstract sense.

The usual "crypto bad" argument is calling it a Ponzi scheme. This doesn't count as one of those either, but no one really cares.