Portal Forum General General Discussion Simple Pleasures… Reply To: Simple Pleasures…

#142339 Quote
  • GoldenHas donated $ to the upkeep of GPL

Calling it a ponzi scheme is ridiculous IMO. Are there ponzi schemes WITHIN crypto? Yes. There are pump and dump schemes that are designed to screw people over so a few people can laugh their way to the bank. But to say “crypto is basically a ponzi scheme” is kind of akin to saying “sales/marketing is basically a ponzi scheme” because pyramid schemes exist.

I’d also dispute the “very open to hacks” claim.

Is it a risky investment, and could it all go to zero? Yeah. That’s why I don’t have a life changing amount of money invested in it. But are there also some very legitimate crypto projects that have a real chance to break into the mainstream of daily life? Absolutely.

So for now, I’m investing my rainy day fund money, and enjoying the ride :)