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A comment on S&P Dow Jones Indices to launch cryptocurrency indexes in 2021. Parent comment

Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by JxLS-cpgbe0 on Thursday December 03, 2020 @01:10PM (#25292269)
A Ponzi Scheme relies on a central authority, BTC has none. I think you just mean "scheme?"
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Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by dandanua on Thursday December 03, 2020 @01:27PM (#25292511)
There is Satoshi's wallet in the root, no need for authority as we can see.
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Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by JxLS-cpgbe0 on Thursday December 03, 2020 @01:31PM (#25292582)
Yes, there is need for a central authority, Charles Ponzi for example. They actively and consciously channel the funds from new, defrauded investors, to that authority.

BTC is not a Ponzi Scheme ; Satoshi is not steering the profits from a pump-and-dump. Passively profiting off new investors buying BTC does not make a Ponzi Scheme.

Market manipulation is not a Ponzi Scheme. A Pyramid Scheme is not a Ponzi Scheme. "Ponzi Scheme" has a real definition.

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Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by dandanua on Thursday December 03, 2020 @01:46PM (#25292794)
Agree, I've used it in a more general sense. I mean it's just like a pyramid.
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Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by JxLS-cpgbe0 on Thursday December 03, 2020 @01:51PM (#25292848)
It's not a Pyramid Scheme either, there is no central authority. The benefits of a Pyramid scheme are specifically not investments, but instead explicitly payments for recruiting. Pyramid Scheme also has a real meaning.
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