I don't think the holders are so innocent. ...it's hardly a nefarious secret. Even today their marketing consists of creepy infomercial-like presentations designed to reel in new users. But the key is that those users go in consciously hoping to pull off the same on future buyers.
I grant you that, but
sometimes ignorance is innocent. There will always be people who want to use cash tech for cash tech purposes. It is nefarious to offer
cash tech but supply
crash tech, which is also a thing, actually occuring.
Yeah, there is nothing disingenuous about promoting a Ponzi as a Ponzi (although there is something nefarious about it). But I still wish I could convince people that their rational expectation is negative, even if I can not convince them that they should attend to the categorical imperative (of Kant, a/k/a the Golden Rule of Jesus Christ, sometimes attributed to Hillel) - and no less when investing, speculating, or even gambling, than otherwise.