Hey, at least people who buy drugs with bitcoin are actually getting tangible goods. Despite everything, TSR might have been the most "legitimate" use of cryptocurrency to date.

this ponzi scheme is a crime, illegal, it must be destroyed: it's crypto.

this Other ponzi scheme, is the USA economy: it's fiat.

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I'm over 30 years old and this underlying truth is still haunting me. no wonder I went insane trying to decide which was it.

A Ponzi scheme pays profits to earlier investors with funds from more recent investors.

The US economy has problems, but I don't see how that's supposed to be one of them.

I don't think it's even (in 2023) a good model for BTC, although the adverts I saw for it when I first heard about it around the $250 price absolutely were that, and there are plenty of clone-coins that still do today.

> A Ponzi scheme pays profits to earlier investors with funds from more recent investors.

You just described how Social Security in the USA is funded. Its billed as government-run social insurance, but funded as a ponzi.

1. "Profits" is a relevant keyword there.

2. If Social Security were to fail, the US government would be free to decide between canning it (or reducing it) or funding it from more taxes (or delaying retirement age, which is kinda both); in none of these cases is this itself going to threaten the USA economy or the USD currency.

This is like the gingerbread man in the gingerbread house meme.

What an entitled, uninformed and privileged thing to say. People who live under oppressive regimes use monero to gain access to information or to pay evade government spying.