a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment by goobster
goobster  ·  924 days ago  ·  link  ·    ·  parent  ·  post: Bitcoin is a Ponzi

Ok. So the author moves the goalposts and tries to redefine what the definition of a Ponzi Scheme is ... and winds up describing the stock market.

There is no value in this article at all. It's all strawman arguments all the way down.





ooli  ·  922 days ago  ·  link  ·  

Counter argument, in the middle

    By that definition, stocks too are ponzis.

    No. Stocks have an external source of revenue, namely the profit that the company makes by selling its products and services to customers (not investors)

kleinbl00  ·  922 days ago  ·  link  ·  

Amazon didn't profit for 20 years. In that time its stock went from $18 to $757.