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Is cryptocurrency a just pyramid scheme?

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TB_TB_TB_TB_TB_TB
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24 Nov 2021, 4:26 pm

Is cryptocurrency a just pyramid scheme?

Fnord
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24 Nov 2021, 4:28 pm

TB_TB_TB_TB_TB_TB wrote:

Is cryptocurrency a just pyramid scheme?

That is my suspicion.

naturalplastic
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24 Nov 2021, 4:39 pm

Good question.

TB_TB_TB_TB_TB_TB
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24 Nov 2021, 4:42 pm

Fnord wrote:

TB_TB_TB_TB_TB_TB wrote:

Is cryptocurrency a just pyramid scheme?

That is my suspicion.

@Fnord

TB_TB_TB_TB_TB_TB
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24 Nov 2021, 4:43 pm

naturalplastic wrote:

Good question.

@naturalplastic

Let me change my question to: Cryptocurrency is a pyramid scheme.

Fnord
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24 Nov 2021, 4:45 pm

Never let YouTube videos (or the people who make them) do your thinking for you.

TB_TB_TB_TB_TB_TB
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24 Nov 2021, 4:48 pm

Fnord wrote:

Never let YouTube videos (or the people who make them) do your thinking for you.

@Fnord

No no, its not me thinking because of youtube, I had the idea first personally then found (not many) a few videos to back it up.

Fnord
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24 Nov 2021, 4:50 pm

TB_TB_TB_TB_TB_TB wrote:

Fnord wrote:

Never let YouTube videos (or the people who make them) do your thinking for you.

@Fnord: No no, its not me thinking because of youtube, I had the idea first personally then found (not many) a few videos to back it up.

Then you are a victim of confirmation bias; you judged first, and then sought evidence to support it.

TB_TB_TB_TB_TB_TB
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24 Nov 2021, 4:54 pm

Fnord wrote:

TB_TB_TB_TB_TB_TB wrote:

Fnord wrote:

Never let YouTube videos (or the people who make them) do your thinking for you.

@Fnord: No no, its not me thinking because of youtube, I had the idea first personally then found (not many) a few videos to back it up.

Then you are a victim of confirmation bias; you judged first, and then sought evidence to support it.

@Fnord

I still think it's true, with or without confirmation.

Fnord
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24 Nov 2021, 4:57 pm

TB_TB_TB_TB_TB_TB wrote:

Fnord wrote:

TB_TB_TB_TB_TB_TB wrote:

Fnord wrote:

Never let YouTube videos (or the people who make them) do your thinking for you.

@Fnord: No no, its not me thinking because of youtube, I had the idea first personally then found (not many) a few videos to back it up.

Then you are a victim of confirmation bias; you judged first, and then sought evidence to support it.

@Fnord: I still think it's true, with or without confirmation.

That is your choice. Now, what are you going to DO about it?

nick007
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25 Nov 2021, 7:25 am

I think of cryptocurrency as kind of a Ponzi Scheme. I just Googled & found an article from the SEC(Securities & Exchange Commission government office) warning about cryptocurrency being used for Ponzi Schemes. I would copy the article but trying to copy from a pdf file & paste into a text format like here is a giant pain.

https://www.sec.gov/files/ia_virtualcurrencies.pdf

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