top | item 28545685

(no title)

phaemon | 4 years ago

By learning what they are. It's not that difficult. A pyramid scheme of any sort requires new participants continually. Crypto currency does not.

discuss

order

ABeeSea|4 years ago

Whales depend on new money entering to keep the price from plummeting. I used to think of crypto’s as a decentralized ponzi where all the participants are incentivized to bring in as many new participants as possible. They’ve cut this part out and just decided to go with making fake money out of tether to prop up the price.

phaemon|4 years ago

No, the price was rising well before any of the "whales" came in. You're just writing a narrative that suits your existing preconceptions.