I don't know much about cryptocurrency but Bob Dylan's old line applies: "you don't need a weatherman to know which way the wind blows." You don't have to be an economist to know this is accurate:
Sick of people calling everything in crypto a Ponzi scheme. Some crypto projects are pump and dump schemes, while others are pyramid schemes. Others are just standard issue fraud. Others are just middlemen skimming of the top. Stop glossing over the diversity in the industry.
— Pat Dennis (@patdennis) April 25, 2022
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