Non paying dividend stocks (like Tesla and Google) are a ponzi even if they are measured in a stable currency. They have no legitimate use case other than selling them at a higher price to other investors. They function like any other shipcoin and can be dilluted on mass.

The profits are not comming from said company but exclusivly from other investors. It is the definition of a ponzi and without money printing and backup from the governement they would collaps.