• steve5487 [none/use name]
    ·
    3 years ago

    this isn't a ponzi scheme. A ponzi scheme is where you pay old investors with new investors money. This is more selling magic beans on the side of the road to everyone stupid enough to buy them

    • CoconutOctopus [it/its]
      ·
      3 years ago

      Every cryptocurrency ultimately amounts to paying old investors with new investors money: PW because early blocks are easier to mine, and PS because that's literally what defines a 'stake'. NFTs are just kind of a side bet on the base Ponzi scheme.