Scammers hacked the late actor Matthew Perry’s Twitter account and posted a fake plea for cryptocurrency donations in the name of his foundation. The foundation confirmed the post was a scam and urged people not to donate.
The article details several possibilities for how the account may have been compromised, highlighting the importance of strong passwords and multi-factor authentication for securing social media accounts, especially for celebrities with large followings.
Let me make sure I know my differences between a Ponzi scheme and a pyramid scheme. Because I may well be getting them confused. They sound very similar. Apparently Ponzi schemes are investing money while pyramid schemes are recruiting and making payments like a service. So yes. Money is a Ponzi scheme.
You’re making an inexplicable leap of logic that still has me thinking you have no idea what you’re talking about. Though I’m willing to believe you think you know what you’re talking about.
So what is money ultimately? It’s an abstraction that we exchange with one another as a common denominator for trades instead of me trading you 16.125 cows for a car. Therefore, with nobody to use it, a money is worthless. And so, to get people to use your money, they have to invest in it. They’re by making all money a Ponzi scheme. If they already have a money, then they are investing their money for your money. And if they don’t already have a money in existence, then they are investing time for your money.
Except we’re not trying to convince people to buy in to money so that we can cash out. Money doesn’t only increase in value by getting more people to buy in to it. I’ll grant you the defined value of a dollar is nebulous, but it’s not even remotely a ponzi scheme. Where crypto is, definitionally, a ponzi scheme. It sounds like you bought in to it, you probably want to cash out before you lose any more.
