I said "natural ponzi", meaning nobody sits at the top and it is driven entirely by organic enthusiasm for profit.
Discussion
Can you provide me an example of a “natural ponzi”?
Name a bubble. The tech bubble. The housing bubble. Anything that behaves and ultimately implodes like a scheme without a schemer. Robert Schiller, I believe, came up with this definition.
Interesting thought experiment. I suppose I dismiss the argument because it’s like calling the internet a bubble or something. Humans need a money to trade goods. We’re increasingly reliant on internet. Bitcoin is the natural solution.