top | item 33685374 (no title) mtrycz2 | 3 years ago If is, in fact, a problem with FTX, not crypto per se.It's like if "Theranos' scam will leave deep scars in USD". discuss order hn newest highwaylights|3 years ago I mean, it’s a problem insofar as it reflects badly on everything.That said there’s any number of debates you could have:Was FTX a deliberate ponzi?Was FTX a ponzi but they were too naive to understand that?Was it a ponzi within a ponzi? (I.e. has all of crypto been a single giant ponzi with nested levels all along?)Regardless of what anyone thinks, you only get confirmation either way after the fact. mccorrinall|3 years ago I would not call BTC a ponzi, but it is indeed true that BTC‘s value is not derived from debt. load replies (2)
highwaylights|3 years ago I mean, it’s a problem insofar as it reflects badly on everything.That said there’s any number of debates you could have:Was FTX a deliberate ponzi?Was FTX a ponzi but they were too naive to understand that?Was it a ponzi within a ponzi? (I.e. has all of crypto been a single giant ponzi with nested levels all along?)Regardless of what anyone thinks, you only get confirmation either way after the fact. mccorrinall|3 years ago I would not call BTC a ponzi, but it is indeed true that BTC‘s value is not derived from debt. load replies (2)
mccorrinall|3 years ago I would not call BTC a ponzi, but it is indeed true that BTC‘s value is not derived from debt. load replies (2)
highwaylights|3 years ago
That said there’s any number of debates you could have:
Was FTX a deliberate ponzi?
Was FTX a ponzi but they were too naive to understand that?
Was it a ponzi within a ponzi? (I.e. has all of crypto been a single giant ponzi with nested levels all along?)
Regardless of what anyone thinks, you only get confirmation either way after the fact.
mccorrinall|3 years ago