Bitcoin has pushed through the $US100,000 barrier for the first time, while the Australian currency languishes near seven-month lows and the ASX ekes out modest gains. Here's how the day's trade unfolded, with insights from our business reporters, on the ABC News markets blog.
Don’t force assumptions on me. I have no issue with fiat or other ‘money’. Or property, or investments.
Ahh, my friend, forget ponzi. Explain economics to me.
Or, alternatively, explain how ‘traditional’ investments or property or fiat differ from a ponzi.
‘Elaborate’. I’ll wait.
I don’t know if you mean to come across like a profound philosopher whos stumbled onto a great secret that makes all economics? digital currency? fiat currency? as dumb as a literal ponzi but if you could get your point across without being vague as hell that’d be great.
The emperor has no clothes 🤣. That’s as simple as I can put it.
You keep bleating ‘Ponzi’ as if that’s a logical explanation.
Pick anything you like. Anything. Prove it’s not a Ponzi. It might help you understand what an actual Ponzi is.
Not the OP bit I’ll take the bait… For as long as humans have existed we have paid others to pretend to know the future, once we used chicken entrails, tea keaves etc now we use economists who pretend they are different to thier predecessors who used tea leaves but they to use tools inappropriate to forecasting,