SEC sent out a warning in January 2016. Hope the pumpers are preparing for their jail time:
There is a reason why the SEC issued a warning about Crypto coins calling them scams.. 90% are !
I was doing research early this year when i stumbled onto their press release by accident (same day it was posted)
I then posted it in the Bitcoin section where everyone said it was good news AHAHHAHAHHA
It even mentioned an unnamed forum which was totally obvious they meant Bitcointalk.
Read it yourselves..
https://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf (Issued Jan 4th 2016)
I get where you're coming from but that link statement doesn't tally with what you've written. That link is talking specifically about Ponzi schemes which involve an individual or group 'personally' taking money from a person or people to pay off previous investors thereby creating a false impression of investment return.
There are bitcoin and crypto-asset investment schemes that I can see that information/warning applying to, but I don't see how cyptocurrencies 'in general' fall into that definition.
Are devs personally taking money off people to pay other people who've invested previously?? That's the
only definition of a Ponzi scheme. If that's not happening, then it's not a Ponzi scheme.
I agree there's scammers and thieves in this industry but the law already caters for that.