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Just blocked a bunch of people owning themselves on a cr/yp/to/cu/rr/en/cy tweet of mine but I want to point out one popular one that's hilarious. I won't QT it because I already blocked them and we shouldn't laugh at handicapped people.Permalink On twitter.com
❤️ 2 Favorites
2021 Dec 10
Mood +5 🙂
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…in reply to @rockerest
The tweet was basically this: "[the topic] isn't a ponzi scheme because ponzi schemes pay out to existing people with money gained from new people brought in and [the topic] doesn't pay out cash to existing people."On twitter.com
2021 Dec 10
Mood +2 🙂
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…in reply to @rockerest
First of all, the hair splitting of "it's not cash payouts" is so ludicrous I can't even formulate a counter argument. Your new kind of "money" isn't a ponzi scheme because it doesn't pay out in the other kind of money? How many times were you dropped as a child?Permalink On twitter.com
2021 Dec 10
Mood +1 🙂
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…in reply to @rockerest
Second of all - and pay extra attention here honey - what do you think is happening when the big number goes up? Do you think that it's going up because of increasing value? Do you understand what value is? It's basically "has use to someone."Permalink On twitter.com
2021 Dec 10
Mood 0
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…in reply to @rockerest
The big number goes up because NEW PEOPLE ARE PAYING FIAT MONEY FOR THE DIGITAL THING, and then your number gets bigger because they dumped some real money in, which is distributed to the existing owners.Permalink On twitter.com
❤️ 1 Favorite
2021 Dec 10
Mood -1 🙁
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…in reply to @rockerest
Cr/yp/to/cu/rr/en/ci/es fit a huge number of scams, cons, and grifts, because they are fundamentally, foundationally those things. But not seeing how this fits a Ponzi scheme format is just... I think I'm the most scared that people this stupid and gullible even exist.Permalink On twitter.com
❤️ 1 Favorite
2021 Dec 10
Mood -6 🙁