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A comment on Big Crypto’s struggles with basic accounting and economics. Parent comment

Re:Big Crypto’s struggles with basic accounting and economics by senttoschool on Saturday January 28, 2023 @09:00AM (#34557598)
Bitcoin is like a pyramid scheme. You get in, you now do marketing for it. The more people you recruit, the higher chance your profit will be when you sell.

Mot other tokens are just rug pulls, ponzis, outright scams, or a security.

[ Parent | on HN ]
Re:Big Crypto’s struggles with basic accounting and economics by jqpabc123 on Saturday January 28, 2023 @09:17AM (#34557701)
It's the ultimate pyramid scheme --- the only thing you're really selling is the scheme itself.

Just like religion.

[ Parent | on HN ]