Quote:
Originally Posted by SDGT3
The comparison to the Madoff ponzi scheme definitely came to mind.
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I don't think crypto is a scam per se, and I definitely don't think most of them are based on a Ponzy scheme. This kind of hysteria reminds me more of the famous Dutch tulip bulb market bubble, the tulip mania. IMO it was almost the same thing. There was something that had real value, but not nearly as much as its price had skyrocketed due to speculators. The rest of the story is well known. However, there are still tulip bulbs today on the market, but no one thinks that an ownership of one piece is enough to make him extremely rich.