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A comment on Easiest Path to Riches on the Web? An Initial Coin Offering. Parent comment

Re:Easiest Path to Riches on the Web? An Initial Coin Offering by sammyo on Sunday June 25, 2017 @09:21PM (#14633315)
In many cases crying "ponzi" is likely an exclamation of "something wrong here" which your comment gives several examples. But cash, check and other instruments all have something wrong.

I'll suggest that the difference isn't that people know the details of how for example checks clear, few non-experts learn all the details, BUT virtually everyone knows where to go if there is a problem (bank branch). Most non-experts at this point in crypto currency would have no idea where to even go to investigate a problem.

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Re:Easiest Path to Riches on the Web? An Initial Coin Offering by chrisco255 on Monday June 26, 2017 @11:45AM (#14637659)
It may be true today but the banking system has matured to that point over hundreds of years. There have been many instances of runs on the bank, run away inflation, worthless paper currencies like the Continental in the history of cash.
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