> With a decentralized digital asset there is no sole person or company that profits from just lying to you about where your Dollar goes in exchange for the digitals.
Ponzi schemes don't have to run by single individuals, but perhaps by multi-person organizations like the mafia. The mob was the reason the RICO laws came to be.
And undoubtedly, the mafia organizations would collaborate to break up their crime into regions. Mafia group A would take the West, etc. Since they're a criminal organization, anti-trust laws were meaningless. There wasn't a requirement that the different mob bosses had to compete with each other.
The mob isn't running bitcoin as a Ponzi scheme. People who buy bitcoin are not mobsters.
There are different waves of investors from the true believers who mined because the idea was powerful to the mt gox crowd, coinbase newbies, wall street / hedge fund crowd. Each group has a different reason. The latest groups are looking to make money and the earlier adopters have moved to a less popular more ideological coins with advantages over bitcoin.
I think you miss the point. Ponzi schemes can be run by multiple organizations, and agreeing to a scheme together without signing legal formalities.
The big example of this would be the 2008 banking crisis where CDO's were bought and sold by multiple banks, but ended up being worth less than the pieces of paper they were printed on -- even though the banking industry should have known this were the case.
Once it was known, they sought to protect themselves first -- "Too big to fail", TARP were common terms of the time.
This isn't even true you can track wallet addresses and see their movement overtime. Look up a graph called hash ribbons. People hold btc for very long periods of time.
Actually, kind of. It would involve appealing to other organized crime outfits that the given mob interacts with to have them reign in their behavior. Group A might think they can bully group B, and maybe they can, but they can't bully groups C, D, E, and F, who all rely on each other to not attract unwanted attention from the authorities or the public.
Ponzi schemes don't have to run by single individuals, but perhaps by multi-person organizations like the mafia. The mob was the reason the RICO laws came to be.
And undoubtedly, the mafia organizations would collaborate to break up their crime into regions. Mafia group A would take the West, etc. Since they're a criminal organization, anti-trust laws were meaningless. There wasn't a requirement that the different mob bosses had to compete with each other.