[wickoff]

He is pointing out that it is in fact a ponzi and explaining the mechanism. There are no regulations against letting people trade this type of ponzi so his company isn't doing anything illegal. I think the problem here is that people outside crypto take it more seriously than insiders.

[ethanbond]

I think people outside of crypto take it seriously because it’s getting to the scale where it will start negatively impacting non-participants or unknowing participants.