Re:US Fed Official Calls Tether a ‘Challenge’ to Financial S...
by the_gastropod on Saturday June 26, 2021 @10:33AM
(#27642195)
From Wikipedia [1]
> A Ponzi scheme (/ˈpɒnzi/, Italian: [ˈpontsi]) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.[1] The scheme leads victims to believe that profits are coming from legitimate business activity (e.g., product sales or successful investments), and they remain unaware that other investors are the source of funds
Do you see a distinction between this and the system theli0nheart described?
> A Ponzi scheme (/ˈpɒnzi/, Italian: [ˈpontsi]) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.[1] The scheme leads victims to believe that profits are coming from legitimate business activity (e.g., product sales or successful investments), and they remain unaware that other investors are the source of funds
Do you see a distinction between this and the system theli0nheart described?
[1] https://en.wikipedia.org/wiki/Ponzi_scheme