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Author Topic: Ponzi junkies  (Read 683 times)

NxtChg

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Ponzi junkies
« on: April 11, 2018, 09:12:27 am »
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I think I've found a nice term to describe the widespread mentality that Bitcoin and other crypto bubbles have produced - ponzi junkies.

People now view themselves as "investors", when their "investment" is actually into money, which is not an investment at all, but a mechanism for investments.

Yet they expect insane amounts of return on their "investment" from simply HODLing a currency. They don't even view cryptocurrencies as money with utility anymore!

Bitcoin spoiled a lot of people...
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Laforce

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Re: Ponzi junkies
« Reply #1 on: November 22, 2018, 11:04:38 am »
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I like the term haha. Yes, cryptocurrencies made Ponzi schemes so much simpler than they used to be. Everything's anonymous and fast-paced with the internet nowadays. Before, you had to be really skilled and put so much effort into pulling off a Ponzi scheme. Nowadays, almost everyone can do it.