Re: Ponzi scheme?
"If crypto is a ponzi scheme because it relies on new investors valuing the asset, what does that make gold?"
I agree that the crypto world is more like a bubble than a Ponzi scheme. The enthusiasm of the crypto-kiddies talking it up on social media is testament to that. Whether a cryptographic "coin" has the immutability of gold is another debate.
Biting the hand that feeds IT
