Ponzi schemes

Search documents
X @IcoBeast.eth🦇🔊
IcoBeast.eth🦇🔊· 2025-07-13 12:57
Occasionally ppl ask me:“ico why even bother with crypto since it’s all Ponzi schemes?”My answer (despite rejecting the assertion that all of crypto is a Ponzi):“you’re required to take part in the 3 largest legally protected and enforced Ponzi schemes of all time - Social Security, Medical Insurance, and real estate, all of which you’re guaranteed to ‘lose’ at because of how the system is designed. Why not take part in the only one that exists where you might actually win?” ...
X @IcoBeast.eth🦇🔊
IcoBeast.eth🦇🔊· 2025-07-04 14:05
3 years ago we were watching 3AC implode while running m2e ponzis on Solana (STEPN forever)2 years ago we were betting on pre-recorded hamster races in the doldrums of the post-FTX apocalypse. Justice for CK1 year ago Germany was FSHing their bitcoin bag and missed out on billions of profitsNot really sure what it is that we’re supposed to be excited about this year…kinda symbolic of where the industry is at imo ...