Alwasys loved Ben on Gotham. Love seeing thus for him..

If you think the traditional market is any less of a ponzi, I've got some bad news. ALL of these company valuations, crypto or otherwise, are imaginary and are only loosely (at best) tied to company profits/performance. If you're a CEO of a company, your goal isn't to make a ton of profit doing business operations. Your goal is to go public and make billions off of dummies buying your stock at insanely inflated pump prices so you can sell all your shares and become an instant billionaire.

It's all a scam. You yourself just have to be smart enough to be on the right side of things.

Lol @ thinking the market is just one big money party and we can all just put our money into mutual funds and make 8-12% for eternity and ride off into the sunset together. The market would never exist if it weren't for the motivation of winning your average joe's money. It's literally a competition with baseless numbers generated by hype.

If you think the traditional market is any less of a ponzi, I've got some bad news. Crypto is a newer so it's more of a wild west and you have things like hacks and FTX, but stock brokers do similar shady stuff all of the time, such as pre and post market shenanigans when the public doesn't have an opportunity to trade, and they will freeze trading as well sometimes with extreme price volatility and won't let people get out of their positions. Robinhood has screwed people over many times.

ALL of these company valuations, crypto or otherwise, are imaginary and are only loosely (at best) tied to company profits/performance. If you're a CEO of a company, your goal isn't to make a ton of profit doing business operations. Your goal is to go public and make billions off of dummies buying your stock at insanely inflated pump prices so you can sell all your shares and become an instant billionaire.

It's all a scam. You yourself just have to be smart enough to be on the right side of things.

Lol @ thinking the market is just one big money party and we can all just put our money into mutual funds and make 8-12% for eternity and ride off into the sunset together. The market would never exist if it weren't for the motivation of winning your average joe's money. It's literally a competition with baseless numbers generated by hype.

What the hell are you on. In the stock market you buy equity of a company and have voting rights. Buy enough of the stock...you now control and "own" the company. That is not a scam. Trying to make short tern profits sure. But the literal mechanism of buying equity in a company is not a ponzi scheme.

The goal of a public ceo is to serve the interests of shareholders. Anytime they go outside that norm the board if directors (voted in by shareholders) can remove the ceo.

What the hell are you on. In the stock market you buy equity of a company and have voting rights. Buy enough of the stock...you now control and "own" the company. That is not a scam. Trying to make short tern profits sure. But the literal mechanism of buying equity in a company is not a ponzi scheme.

The goal of a public ceo is to serve the interests of shareholders. Anytime they go outside that norm the board of directors (voted in by shareholders) can remove the ceo.

Tell me the last time someone who wasn't part of founding a company or major initial investor held or bought up enough shares to have any real say in what a company does. Your little vote as an average stock owner is about as significant as voting for the president. (AKA useless)

You're not buying equity in a company lmao.. wtf are YOU on. If you were buying equity in the company, you would be getting your equivalent % of profits straight from the payroll. You don't get that as a shareholder. jfc.



And before you mention dividends.. Dividends are rare and are not equity.

i dont disagree with crypto being a ponzi scheme, it definitely is but that guy isnt even literate on the topic using DYOR about losing your key? wtf guy


most interesting part of the video is bill maher looks great for 67

This happens all the time if you have enough money to buy a controlling interest. I literally work in this field. Sometimes it's a wealthy individual, a group of investors, or a corporation itself.

You're talking about the 1% (probably less than that) of people with millions/billions. For 99% of people this stuff you're saying doesn't apply.

And how are you in this field and don't even know what equity is. Unreal.

But it doesn't make it a scam. If you only buy .00008% of Microsoft, should you have influence and voting power that's worth more than a 30% shareholder?
Doesn't make it a scam at all. Just means you don't have enough money to influence public company decision making. That's not a damn ponzi scheme.

This thread hurts my head now

Stock market is a ponzi because if margin calls go out like they should when fed unwinds the whole things collapsing and everyone’s left with jack chit.



Also all the whales are already out of crypto, institutions can’t get out because they abused the leverage so hard and can’t unwind.


No idea why this got turned into arguing over what % of a company you own.

(You actually don’t cede and co hold your papers for you and dtcc and market makers give out bullchit shares in the sake of liquidity)

If institutions are stuck in crypto right now then that's great news for anyone who is already bought in, because you know those guys are gonna do anything they can to pump it back up and offload it on wallstreetbets memers.

Lol bitcoin has doubled since ftx scandal and there’s plenty of room for pain for anyone that wants to play.

Double lmao at ftx starting up again.

If you get in the ring with Anderson Silva and he f*cks you up, it doesn’t mean MMA is a scam. It means you are an idiot.

Lol bitcoin has doubled since ftx scandal and there’s plenty of room for pain for anyone that wants to play.

Double lmao at ftx starting up again.

Gold, silver, guns and other commodities are the only non-schemes left. Stock up while you can, China is.

Ben McKenzie is an actor.... why is he speaking as an expert or source of authority on crypto? what makes him more qualified to inform the viewer? I wouldnt be surprised if the government put him up to saying all this, they have an agenda. This reminds me when they were wheeling around Bill Gates to tell us about vaccines.


crypto isnt that different from regular currency.

- theres infinite number of coins, anyone can make one at any time
- its far more volatile
- its unregulated or nearly unregulated
- the government doesnt seem to be interested in bailing it out vs the recent bank runs
- the government will eventually look to replace all coins with THEIR coin that they control
- the government manipulates the money supply and manipulates stock prices

they're basically both Ponzi schemes and the people controlling both are looking out for their own interest.

Im watching bernie madoff documentary now and watched the one on FTX a few months ago, its basically the same thing, people giving their money (and nearly all of it, parking their networth in one place with no diversification) to some dude they heard was hyped up and presented to them as an investment genius and they have no real understanding of what the money is supposed to be actually doing other than being promised unrealistic sky high returns.

Never said crypto was a scam. It’s clearly unregulated and people get what they sign up for.

It is a Ponzi scheme tho and so is the market and for the reasons I said. They need continual influx of liquidity and growth to function.

It’s a Ponzi.