Cryptocurrency is a financial pyramid 🤔

A financial pyramid is a scam where early investors are paid profits from the funds invested by new investors. There is no business or external value in this. The operator promises profits, uses new money to pay off old ones, and everything collapses as soon as the influx of funds stops ❗️

🕯Markets operate differently. Profit is made by 'buying cheap and selling high' on open exchanges. There are no guarantees of payment, only voluntary transactions at agreed prices.

🤑 Bitcoin and Ethereum fall into the second category. These are assets with an open market. Early buyers made money because subsequent buyers valued them higher, like stocks or real estate. This is speculation, not a scam.

🤷‍♀️ Even 'meme' coins and failed projects are not financial pyramids. They are just assets without intrinsic value. Initial insiders sell shares to latecomers, but there is no operator promising profits from new participants. This is a 'pump and dump' scheme, not a Ponzi.

📍 The difference is clear:

• Ponzi = guaranteed income from new money