41
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 24 Aug 2023
41 points (100.0% liked)
Chat
7497 readers
14 users here now
Relaxed section for discussion and debate that doesn't fit anywhere else. Whether it's advice, how your week is going, a link that's at the back of your mind, or something like that, it can likely go here.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
Have to correct you there:
Monopoly™ money/crypto are a Ponzi scheme: their value depends on the next people who get sucked into the scheme, it can both decrease (inflation) or increase (deflation, increasing interest rates). It's important to know when to exit a Ponzi scheme before it collapses.
NFT Apes, Avatars, and other collectibles, are a pyramid scheme: the initial creator gets a cut from every successive transaction. Creators never need to exit the scheme, they'll always get more and more, even if the item's value tanks.