Reflecting on Ponzi Schemes
At the end of 2022, some people started shouting that Crypto was a Ponzi Scheme following earlier declarations by Bill Gates , Warren Buffett , and Charlie Munger . Others, especially those in the crypto industry, were saying some version of “Well, FTX Might Looking Like a Ponzi Scheme, But Crypto is Legit and Isn’t a Ponzi Scheme .” But then someone else in the Crypto industry, on the same website, wrote Crypto Ponzi Schemes: How to Identify and Protect Yourself From These Scams . Ok. How confusing. ...