- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Crypto...how is this not a elaborate Ponzi/pyramid scheme?
Posted on 5/24/25 at 1:31 pm to lepdagod
Posted on 5/24/25 at 1:31 pm to lepdagod
I own 1.12 btc and about 0.3 worth of bitcoin in other crypto. I put in $20k, $8k was BTC. So my BTC investment has gone way up, and my others minimally (I had purchased a lot of wanchain and quarkchain, and they are worthless).
People keep on talking about uses of BTC and crypto. But honestly I feel the only hope is that it becomes digital gold. If it actually takes on institutional status, similar to gold, it will skyrocket. And I feel that will only happen from finance folks FOMO.
So it is not a ponzi scheme by definition…
But people saying it is like a stock is also ridiculous
People keep on talking about uses of BTC and crypto. But honestly I feel the only hope is that it becomes digital gold. If it actually takes on institutional status, similar to gold, it will skyrocket. And I feel that will only happen from finance folks FOMO.
So it is not a ponzi scheme by definition…
But people saying it is like a stock is also ridiculous
2
Posted on 5/24/25 at 1:33 pm to lepdagod
It is.
Posted on 5/24/25 at 1:40 pm to AndyJ
quote:
So it is not a ponzi scheme by definition…
Hold on what you just explained is a Ponzi scheme, no??…
Posted on 5/24/25 at 1:45 pm to Hateradedrink
quote:
It’s no more a pyramid scheme than any other investment except maybe land
How do you figure? Buying a stock in a company is acquiring an actual asset that provides a tangible good or service. Most crypto is neither.
Posted on 5/24/25 at 1:50 pm to lepdagod
quote:
I know it’s supposed to be the future
I’ll give crypto a pass because I respect a good hustle. But, I refuse to accept crypto chartists. It makes me irrationally angry when someone posts “my analysis shows BTC is oversold based on the10 year chart”.
FFS! BTC’s purpose has changed at least 5 times in the last ten years…yet those cycles remain the same.
Posted on 5/24/25 at 1:51 pm to lepdagod
quote:
can someone smarter and more entrenched than me explain how this is not a elaborate Ponzi/pyramid scheme
Blockchain is the technology that coins w utility use as an information network. Cons are what you own that basically offer liquidity to the utility.
Posted on 5/24/25 at 1:51 pm to lepdagod
I’m just happy cryptbros quit trying to argue BTC is a currency.
Posted on 5/24/25 at 1:59 pm to lepdagod
quote:
explain how this is not a elaborate Ponzi/pyramid scheme
I’ll explain the difference to you, after you explain how the US dollar isn’t an elaborate ponzi scheme.
Forget you’ve been conditioned to use it your whole life and you had to convince someone.
Posted on 5/24/25 at 2:04 pm to SuperSaint
Facts. That was what took me so long to get into crypto.
BTC cannot be used as a “currency” in the sense because its too expensive and slow per transaction.
That whole argument slowed me down from understanding the underlying blockchain technology and the paradigm shift of a decentralized tokenized economy.
No matter how much that concept scares you, the idea of a CENTRALIZED tokenized economy should terrify you.
My interest in crypto is purely based on its anti-thesis to a CBDC and the terrors that brings.
BTC cannot be used as a “currency” in the sense because its too expensive and slow per transaction.
That whole argument slowed me down from understanding the underlying blockchain technology and the paradigm shift of a decentralized tokenized economy.
No matter how much that concept scares you, the idea of a CENTRALIZED tokenized economy should terrify you.
My interest in crypto is purely based on its anti-thesis to a CBDC and the terrors that brings.
Posted on 5/24/25 at 2:05 pm to Hateradedrink
quote:
no more a pyramid scheme than any other investment except maybe land
Crypto is no different from modern money: it only has value because enough people says it does. What the frick do you think the “fiat” part of Fiat Currency means?
Posted on 5/24/25 at 2:22 pm to LSUnation78
quote:
explain the difference to you, after you explain how the US dollar isn’t an elaborate ponzi scheme.
The difference off hand is one has a workforce(labor) and military backing it up… the other only exists where internet is accessible
Posted on 5/24/25 at 2:24 pm to lepdagod
Explain how the military backs up the dollar.
Use the dollar or we kill you? I mean thats worse than a ponzi scheme?
Use the dollar or we kill you? I mean thats worse than a ponzi scheme?
This post was edited on 5/24/25 at 2:25 pm
Posted on 5/24/25 at 2:30 pm to LSUnation78
quote:
Explain how the military backs up the dollar.
Would take too long.. but in a nutshell you don’t become the world currency without the strongest military and said world,,, most all our conflicts are to protect American business interests not democracy.., the threat of us sending the military is what makes us a world power
Posted on 5/24/25 at 2:33 pm to lepdagod
So extortion.
Eta: im not trying to play gotchas. I understand the points your giving me. I’m just trying to get you to rethink it a bit. In context of today, how sustainable do you think these things are? If we can’t bully then whoevers left holding the bag is the sucker at end of the ponzi scheme.
Eta: im not trying to play gotchas. I understand the points your giving me. I’m just trying to get you to rethink it a bit. In context of today, how sustainable do you think these things are? If we can’t bully then whoevers left holding the bag is the sucker at end of the ponzi scheme.
This post was edited on 5/24/25 at 2:43 pm
Posted on 5/24/25 at 2:37 pm to lepdagod
If the government is able to print “money” whenever they want to fund their nonsense, then it’s not real.
There is a finite amount of BTC that takes electricity and cryptography to mine.
It’s not that BTC price is going up, it’s your dollar going down.
There is a finite amount of BTC that takes electricity and cryptography to mine.
It’s not that BTC price is going up, it’s your dollar going down.
Posted on 5/24/25 at 2:44 pm to jefforize
quote:
If the government is able to print “money” whenever they want to fund their nonsense, then it’s not real.
Real in what sense???… I understand the fiat money theory a little bit… the difference would be one is backed up by a tax-paying population… the other one realizes (as your put it) on electricity and cryptography … basically the internet
Posted on 5/24/25 at 2:47 pm to LSUnation78
quote:
Facts. That was what took me so long to get into crypto. BTC cannot be used as a “currency” in the sense because it’s too expensive and slow per transaction. That whole argument slowed me down from understanding the underlying blockchain technology and the paradigm shift of a decentralized tokenized economy.
It mirrored the StonerBros fighting for weed legalization touting ‘medicinal’ reason. Completely misdirected the entire premise. Could have just been honest and said people just want to get stoned and that’s the benefits instead of trying to play the normies with some bullshite.
Posted on 5/24/25 at 2:51 pm to LSUnation78
quote:
So extortion.
Basically… at least a form of it… on the sustainability part in the context of today I would say before the feds allow the dollar to be realistically challenged by crypto they’ll just hinder it.. with it solely relying on the internet wouldn’t be hard to do
This post was edited on 5/24/25 at 2:52 pm
Posted on 5/24/25 at 3:24 pm to Hayekian serf
Trumpcoin is legit
MAGA
MAGA
Page 2 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News