Just because all of the previous ponzis have stopped paying, doesn't mean that they all will.
Think about how social security works, when you compare it to the definition, it's a ponzi too.
Think about how social security works, when you compare it to the definition, it's a ponzi too.
interesting your point of view
well, I think you know this guy ... WHAT do you think the question he asked?
https://bitcointalksearch.org/topic/how-can-i-know-those-hyip-site-are-paying-1468761
I'm not sure what you mean here.
Also, you were asking for an example of a long-paying ponzi, well, Social Security is a great example.
Social Security is different from a Ponzi scheme
- No outsize returns are promised by Social Security.
- Participation in Social Security is not voluntary.
- Ponzi schemes are insolvent; Social Security is not insolvent.
- Funds received into Social Security are invested in government-backed securities at a certain interest rate, thus generating returns. In a Ponzi scheme, there are no investments made.
- Ponzi schemes work only until people get wind of what is going on, at which point they inevitably collapse. Social Security's finances are plainly visible for all to see. Modest adjustments in tax rates, benefit formulas and the retirement age can ensure the program's viability for generations to come.
- Ponzi schemes are a criminal enterprise; Social Security is not.
I think you should be the guy who made that post
Boi, how does being mandatory make it any better? People chose whether or not to participate in my ponzi, and I encourage only those educated to do it. But, looking back at the definition of a ponzi:
A Ponzi is any scheme which pays interest to "Investors" from Bitcoin coming in from new Investors
other than the bitcoin part, social security indeed is a ponzi, just one that doesn't collapse.
