1/6
I would like to post a thread to talk about what is #Ponzi.🧵
Ponzi is named after Charles Ponzi. He is a lair, who creat a fraud named international mail coupons,while actually he lures investors and pays profits to earlier investors with funds from more recent investors.
I would like to post a thread to talk about what is #Ponzi.🧵
Ponzi is named after Charles Ponzi. He is a lair, who creat a fraud named international mail coupons,while actually he lures investors and pays profits to earlier investors with funds from more recent investors.
2/6
Therefore, Ponzi uses tricks to leads victims to believe that profits are coming from legitimate business activity. So unless you think Fraud is a neutral word, don't say Ponzi is a neutral word and don't say no Ponzi no blockchain.
Therefore, Ponzi uses tricks to leads victims to believe that profits are coming from legitimate business activity. So unless you think Fraud is a neutral word, don't say Ponzi is a neutral word and don't say no Ponzi no blockchain.
3/6
It is true that some projects need some subsidies in the early stage, that is subsidies not Ponzi. What is Ponzi? It is a game using the money of new investors as the return of old investors, high profit traps to maintain the illusion of a sustainable business.
It is true that some projects need some subsidies in the early stage, that is subsidies not Ponzi. What is Ponzi? It is a game using the money of new investors as the return of old investors, high profit traps to maintain the illusion of a sustainable business.
4/6
Amazon and Uber achieve cold boost using equity financing money, while the Crypto projects use tokens to reward participants and contributors. Unlike Ponzi, those projects will be value precipitation finally. The gap of Ponzi will be bigger and bigger, until hard to fill in.
Amazon and Uber achieve cold boost using equity financing money, while the Crypto projects use tokens to reward participants and contributors. Unlike Ponzi, those projects will be value precipitation finally. The gap of Ponzi will be bigger and bigger, until hard to fill in.
5/6
In fact, there are obviously such projects on the market, with fancy face value, but in fact the nature is a Ponzi. Compared with the above valuable companies relying on subsidizing early users to achieve cold boost, there is a fundamental difference.
In fact, there are obviously such projects on the market, with fancy face value, but in fact the nature is a Ponzi. Compared with the above valuable companies relying on subsidizing early users to achieve cold boost, there is a fundamental difference.
6/6
Stop saying No Ponzi No blockchain. You should read the most basic finance 101 Corporate Finance. People with basic financial knowledge will not believe in Ponzi just as people who have studied thermodynamics will not believe in the existence of perpetual motion machines.
Stop saying No Ponzi No blockchain. You should read the most basic finance 101 Corporate Finance. People with basic financial knowledge will not believe in Ponzi just as people who have studied thermodynamics will not believe in the existence of perpetual motion machines.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
