[hazov]

I would not call it a ponzi scheme because the idea of cryptocurrency does not entail any return, it is more like a seigniorage.

Some of these cryptocurrencies appeared in 2011, if I'm not wrong, in the middle of the first bitcoin price hike but they proposed different algorithms to generate coins, so I do not know if we can attribute their design to malice.

My main problem with it all is that users from these currencies built an identity around them, which mixes politics, ideology and hoarding of this currencies.