[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 226 KB, 1280x720, ponzi.jpg [View same] [iqdb] [saucenao] [google]
4771660 No.4771660 [Reply] [Original]

All cryptocurrencies are collectibles with no real value.

Coins increase in value only when new money enters.
Once new money from early "investors" ends, the pyramid collapses.

Therefore: PONZI SCHEME

Prove me wrong.

>> No.4771687

>>4771660
hey, money itself is inherently a ponzi scheme

cryptocurrencies are just the best form of money we have today

>> No.4771718

>>4771660
it's called demand and offer. Literally every good and service is subject to it. I guess reality itself is a ponzi scheme

>> No.4771757

>>4771718
Goods and services are consumed and provide utility.

>> No.4771788

>>4771757
So do some coins. Ofc 98% are cash grabs

>> No.4771816

>>4771757
refute this>>4771687

>> No.4771857

You're the one claiming crypto is a ponzi and you haven't shown that they meet the definition yet.

The burden of proof is on you.

>> No.4771886

>>4771660
youll know the value of it when you know how the world works.

>> No.4772070

>>4771687
>hey, money itself is inherently a ponzi scheme
>cryptocurrencies are just the best form of money we have today
Cryptocurrencies are collectibles and not real currency.

Governments will never accept crypto for tax payments. If you do not have the ability to use crypto for the largest transaction in the economy, it will never be a real currency.

>> No.4772411

>>4772070
so it's a "fake" currency, then? lol

one thing that math is NOT is fake

>> No.4772505

>>4772411
>so it's a "fake" currency, then? lol
Correct. They are digital collectibles. Like skins in some online game. I'm not saying you can't profit from a collectible, I'm just saying it has no real value and never will.

There is also infinite supply, but that's a separate issue.

>> No.4772569

>>4772505
it's like you're saying that the U.S. dollar is the only money in the world, and that all the other money in all the other countries around the world is just fake money

other people use other money, you know

some people use Bitcoin as money, and that's okay

>> No.4772592

>>4772505
>There is also infinite supply, but that's a separate issue.
>infinite supply
why are you saying literally the complete opposite lol

>> No.4772606

>>4772070
>if you can't use crypto to have your money stolen from you by the government, it's not real

lmao

>> No.4772951
File: 9 KB, 645x773, 1506657831602.gif [View same] [iqdb] [saucenao] [google]
4772951

>>4772505
>There is also infinite supply

>> No.4772979

>>4771660
modern finance is a ponzy scheme /thread

>> No.4773050

>>4772592
>>4772951
Yes, infinite. 1324 and counting: https://coinmarketcap.com/all/views/all/

>> No.4773099

>>4771660
>more news at 11
People are profiteering of idiots. Now what are you!? A profiteer or an idiot.

>> No.4773126

>>4771660
and?

>> No.4773145

>>4772070
The therein network will never accept USD to pay for the execution of a smart contract.

USD is not real money.

>> No.4773171

>>4773145
*Ethereum

Fucking phoneposting

>> No.4773184
File: 105 KB, 1128x1002, hm.png [View same] [iqdb] [saucenao] [google]
4773184

>>4771660
Yea it's a ponzi scheme.. and what?

>> No.4773327
File: 24 KB, 992x527, LEVELS_i.png [View same] [iqdb] [saucenao] [google]
4773327

>>4771660

>> No.4773792

>>4773126
and that's it.

>> No.4773817

>>4772070
I think it's actually rather brilliant, it's a like a truly public bank.

>> No.4773848

are paintings a ponzi scheme?

>> No.4773922

>>4771660
>I have no idea what a ponzi is the post
A ponzi is classified as a scam where new money is used to pay off old investors. In this case nobody is paid off and no returns are promised. Bitcoin and other crypto is a speculative asset, not a ponzi. Learn the fucking difference pleb.

>> No.4773976

>>4773050
How fucking stupid are you? Serious question? I can make a coin right now that has 0$ value. It only gets value if people buy it. I did not create more crypto "supply" or whatever you are calling it.

>> No.4773999

1920 Charles Ponzi invented Ponzi Scheme
2017 everything is a Ponzi Scheme