: "Just bc I feel contrarian right now: The Ponzi* operators of crypto schemes take your “hard-earned” $$$ and happily recycle them into consumption/investment in “real world” activity same as me buying index funds from other investors * paper—illusory—gains; 90% of cash is extracted; No Exit For All"

@waltfrench.bsky.social

Just bc I feel contrarian right now: The Ponzi* operators of crypto schemes take your “hard-earned” $$$ and happily recycle them into consumption/investment in “real world” activity same as me buying index funds from other investors * paper—illusory—gains; 90% of cash is extracted; No Exit For All

May 20, 2024 at 15:41 UTC

0 replies 0 reposts 0 likes