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Hi, welcome to HN. BTW there are a lot of smart people here who have dug into the mechanics of crypto extensively.

I look forward to a good argument debunking the ponzi scheme thesis. Saying "it's not" is not an argument, particularly when a good argument has just been laid out in front of you.

Edited to add:

> It's pretty clear that you haven't actually read the article we're discussing, it does not at any point attempt to explain how cryptocurrencies would meet the definition of a Ponzi scheme.

Yeah that's not a good argument either. Since I did actually read it -- and it does.