I do think that there' nuances to crypto. But even bitcoin has some ponzi like properties:
1- high reward to early adopters
2- needed to be shared to have value
Although I will make the important distinction that the asset doesn't lose value once it can no longer be shared, which is typical of pyramid schemes. Quite the contrary, it reached critical mass and gained first mover monopoly
1- high reward to early adopters 2- needed to be shared to have value
Although I will make the important distinction that the asset doesn't lose value once it can no longer be shared, which is typical of pyramid schemes. Quite the contrary, it reached critical mass and gained first mover monopoly