Re:Well-behaved bubbles often make history
by throwaway803453 on Tuesday June 15, 2021 @09:37PM
(#27523932)
This definition is not the best since at the very least it missed that a Ponzi scheme lacks transparency and is fraudulent.
PG had one of the best definitions: "a rapid increase in buying based on the expectation of soon selling to a sucker willing to pay more". It's in an old Startup School video and I doubt I am getting his wording correct.
PG had one of the best definitions: "a rapid increase in buying based on the expectation of soon selling to a sucker willing to pay more". It's in an old Startup School video and I doubt I am getting his wording correct.