@beergeek boosted: Sick of people calling everything in crypto a Ponzi scheme. Some crypto projects are Pump-and-Dump schemes, while others are Pyramid schemes. Others are just middlemen skimming off the top. Others are just standard-issue fraud.

Posted Sunday 1st of January, 2023 at 3:05:51 PM by Jeff

Sick of people calling everything in crypto a Ponzi scheme. Some crypto projects are Pump-and-Dump schemes, while others are Pyramid schemes. Others are just middlemen skimming off the top. Others are just standard-issue fraud.

Stop glossing over the diversity in the industry.

– Widdershins Smith (@juglugs) January 1, 2023

source https://mastodon.juglugs.com/@juglugs/109615716836639788