Post
Topic
Board Legal
Re: US Supreme Court Ruled in Favor of Coinbase
by
coolcoinz
on 02/08/2023, 16:42:17 UTC

The ponzi scheme works differently. There, old users make a profit at the expense of attracted money from new users. If ecosystem tokens are used and have value, then this is no longer a ponzi scheme. And staking is also different, you can create your own node and maintain the network to get a reward for it.

How can something that started as a ponzi scheme stop being one? The way I see it, if a coin was made to scam people, it will remain tainted until the end of its days. There's no bringing back Tera Luna, there's not going to be a new bitcoin exchange run by SBF and we won't see Bitconnect with real value.

Since value came up, you say that if tokens have value they stop being a ponzi scheme. That's interesting.
Don't scam coins have value? People are buying them not knowing what the real value is, but they pay to get them, so these coins must have value before they implode, it's just that this value is faked.
All coins listed on exchanges have value, but it's often value derived from trading and false promises.