Re:The biggest crypto lending company is a ponzi scheme
by Applejinx on Thursday December 09, 2021 @10:59AM
(#29498913)
No… the statements 'the market can stay irrational longer than you can stay solvent' is not at all the same as 'the market can stay irrational longer than IT can stay solvent'.
There are structural problems at play. It's completely impossible for there to be an escape velocity of irrationality where Ponzi schemes can become legitimate. All you're able to observe is that people with more money than YOU are still playing. That's not the same as escape velocity: the real money is still waiting for its cue to throw the Ponzi scheme under the buss, and you will not get warning of this.
There are structural problems at play. It's completely impossible for there to be an escape velocity of irrationality where Ponzi schemes can become legitimate. All you're able to observe is that people with more money than YOU are still playing. That's not the same as escape velocity: the real money is still waiting for its cue to throw the Ponzi scheme under the buss, and you will not get warning of this.