Quote from: BlackHatCoiner on Today at 10:49:36 PM

Hmm, interesting. However, is it proper to compare what nature does to human with what human does to human? Ponzi is a form of fraud made by humans effecting solely humans.

Yes, because humans are part of nature and follow nature's laws, even if they don't realize it.

So, BTC is also a product of nature in a sense... just like fractals (sacred geometry).

Quote from: BlackHatCoiner on Today at 10:49:36 PM

I think it's advisable to say that laws exist to protect the society. Legalization happens from the state to supposedly protect/take care of you. Yeah, pension looks like a pyramid, and many other things in life too. That's why the ponzi, as a term, is strict.

In theory, yes, they enforce certain things to "protect" you. The reality is little bit more different.

Quote from: BlackHatCoiner on Today at 10:49:36 PM

Besides, ponzi is by far a big fraud. What fraudulent does the pension system have?

Uhm, I don't know, maybe paying taxes for 40+ years to get a shitty pension in the end?

Just imagine doing DCA for 40 years: https://dcabtc.com/

Even 5 years only can pay huge dividends.

The choice is clear for me. I don't trust the state, I trust myself more (BTC as a pension).

Of course not everyone is a responsible person. Most people would rather have instant gratification and spend their whole capital prematurely.

I prefer to treat adults like adults, not babies (infantilization) that need "protection" from a "dad" (nanny state).

Quote from: BlackHatCoiner on Today at 10:49:36 PM

Do you consider this a strong proof to consider the entire pension system fraudulent?

Yeah, especially since abortions are legal too. You cannot have both abortions (so lack of workers) and a strong social security/pension system. You cannot have your cake and eat it too. You have to pick only one.

Quote from: BlackHatCoiner on Today at 10:49:36 PM

I agree about the latter, but for the former, I'm not yet convinced.

Monopolies hurt competition and increase corruption. Absolute power corrupts absolutely.

Quote from: cryptosize on Today at 08:54:06 PM

Do ethics matter?

For the state? They clearly don't! Grin

How ethical can it be to pay 40% taxes and get shitty rewards from the state...

Come on, we crypto people look for the lowest fees all the time, even 5% seems crazy high. 40% fees would be insane and yet, sheeple eat it up.