Read on Twitter
"have fun staying poor"
encapsulates the pseudo guarantee of returns that coiners have come to believe in. it's a motto for their promoters.
encapsulates the pseudo guarantee of returns that coiners have come to believe in. it's a motto for their promoters.
"USD is going to zero."
people unironically tell this to Bitcoin critics. another implicit guarantee of a return for coin holders.
people unironically tell this to Bitcoin critics. another implicit guarantee of a return for coin holders.
"To the moon!"
the classic meme joke...but also, an implicit guarantee of fantastic, short term gains. get fabulously rich in your lifetime just because you've bought coins today.
the classic meme joke...but also, an implicit guarantee of fantastic, short term gains. get fabulously rich in your lifetime just because you've bought coins today.
"HODL"
a hallmark of P-O-N-Z-I schemes is that the mark cannot be allowed to withdraw their original investment; sometimes it might be necessary to make payments, to create an illusion for other would be investors that things are ok.
Hold on for dear life!
a hallmark of P-O-N-Z-I schemes is that the mark cannot be allowed to withdraw their original investment; sometimes it might be necessary to make payments, to create an illusion for other would be investors that things are ok.
Hold on for dear life!
now, as a model for understanding the forces at work that make Bitcoin "Go parabolic" (another implicit guarantee...), these are reasons I find the concept of a Ponzi Scheme as useful; there's a Charles, or a man-behind-the-curtain, always at work to support these mythos...
...it's also useful because it makes clear that there is fake activity! Madoff sent falsified prospectuses to his clients... the USDT exchanges that dominate the market I believe are involved in, or encourage superfluous / fabricated trades to create the illusion of more demand
i've only felt this way for years. dunno why it's a problem for so many bitcoin skeptics today. https://twitter.com/KyleSGibson/status/1047174542869913600
please tell me how this isn't collusion: https://twitter.com/KyleSGibson/status/1031205730618093574
