Sirwin
Sirwin

Pyramid Scheme

4 Articles 0 Followers


What a Ponzi Scheme Is and How It Relates to Cryptos

17 Jan 2023 7 minute read 0 comments Todd Mei PhD

A moment of edification that I will never forget when reading The Lord of the Rings occured when the elf character Elrond said, “For nothing is evil in the beginning.” While philosophically and theologically provocative, this quote helps to contex...

What Is a Pyramid Scheme?

17 Jan 2023 3 minute read 0 comments Todd Mei PhD

Whenever fraudulent crypto projects make off with a lot of money, people tend to throw around the term "Ponzi scheme" a lot. While I explain exactly what a Ponzi scheme is in a related post, it's worth mentioning here that often such fraudulent scam...

Breaking Bad Brings Out Crypto’s True Potential

14 Jan 2023 9 minute read 0 comments Todd Mei PhD

  On the Road from Speculative Gain to Utility Original photo from Lam Yik/Bloomberg via Getty Images on Vox; creative license by author This article is the first in a series covering what we at 1.2 Labs call THE NEW TOKENOMICS. Though shamefully, t...

Egypt Is A Pyramid Scheme: Bitcoin, However, Is Not

6 Feb 2022 11 minute read 6 comments BitcoinGordon

In my last post, I made a few points about how Bitcoin is not a Ponzi scheme, as some weak-minded 'journalists' have attempted, while soiling their reputations at someone's bidding. It didn't take long for a shibboleth to present itself. Thus, my 3rd...