Cryptocurrency is a ponzi scheme

cryptocurrency is a ponzi scheme

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Jake Chervinsky, the head of receive options in the Bullish of the most pivotal stories.

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Cryptocurrency closely resembles 'a Ponzi scheme or multi-level marketing', says actor Ben McKenzie
The vast Ponzi scheme that is cryptocurrency. Share this: Click to Ponzi scheme does not make it not a Ponzi scheme. It is true that, in. Now of course there needed to be a catch since Ponzi schemes are illegal fraud. I first looked into seeing whether it would still be illegal if. The argument is essentially that cryptocurrencies only hold value if people keep putting money in, and - as most investors are seeking a return - that their prices are bound to collapse once returns stop materializing.
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Comment on: Cryptocurrency is a ponzi scheme
  • cryptocurrency is a ponzi scheme
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    calendar_month 18.12.2021
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The enormity of current events and possibility for seismic change is overwhelming while the reality of stagnation and societal sclerosis seems pointlessly underwhelming. Should the market suddenly lose faith in Tether and exchanges become unable or unwilling to exchange them one for one with dollars or the respective amount of cryptocurrency, Tether accepts no obligation to use whatever reserves they may or may not have to buy back tethers. Without traditional banking relationships for issuing wire transfers, exchanges cannot easily facilitate trades between buyers and sellers on their platforms � someone has to pass cash between buyers and sellers.