[TAKEMYMONEY]

The author makes the common mistake of conflating market manipulation with a Ponzi scheme.

This is unfortunate, because we've seen real Ponzi schemes that use crypto (Bitconnect, PlusToken, Onecoin) and it makes it harder to talk about them when "Ponzi scheme" gets so watered down.

[rufus_foreman]

I admire you for fighting the good fight, but I think I've given up on it. I tried. Ponzi scheme in the vernacular now just means any sort of speculation. Tulips, crypto, whatever, it's all Ponzi schemes.

Which makes it harder to describe frauds like the one Charles Ponzi perpetrated but oh well.