“All Crypto is a pyramid / ponzi scheme”

I wanted to write up a brief article about this to point people at when they inevitably parrot the uninformed ‘attack’ they heard from someone else on the Internet: “Cryptos are just ponzi schemes”. In my earlier article I tackled the silly notion that “only criminals use crypto”, so I wanted to specifically address the ponzi scheme angle.

Let’s start with the basics, or we have no basis for having a useful discussion. What is a ponzi scheme? According to Investopedia, a ponzi scheme is “a fraudulent investing scam promising high rates of return with little risk to investors. A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors. …

Why I’m focusing on Proof of Stake cryptos from now on

Just a short post that I’m working on articles related to Proof of Stake cryptos, namely Tezos (XTZ) and Cardano (ADA). I wanted to put down my thoughts on why separately in one place that I can link to.

I have said this to anyone who will listen: cryptocurrency is currently treated like Linux was in 1995. Most people don’t know about it, the ones that do are mostly misguided about it, and many think it will only be used for criminal activity. I really need to take a moment here and address this since I see it online all the time, and even in conversations with otherwise quite intelligent people.

“Crypto is only used by criminals”

Now, this …

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