• hydroptic@sopuli.xyz
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    6 months ago

    Yep. While I’m also no fan of cryptocurrencies, calling them Ponzis is just silly. People love repeating these slogans without actually understanding what they mean

    • I Cast Fist@programming.dev
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      6 months ago

      Less ponzi and more hot potato. Right now, the potato is piping hot, so a lot of people are pumping up because HOLY SHIT 71k DOLLARS!!! YOU SHOUD BUY NAO BECAUSE IT’S ONLY GOIN UUUUUUPPPPPP

      A crash is inevitable, a bunch of whales are just biding their time and nobody knows the next floor price

      • Fosheze@lemmy.world
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        6 months ago

        You’ve just described the stock market and capitalism in general. Ironically a digital curency is one of the few places where unlimited growth is actually possible. Not that BTC is a good idea of course.