Hmm, interesting. However, is it proper to compare what nature does to human with what human does to human? Ponzi is a form of fraud made by humans effecting solely humans.
Yes, because humans are part of nature and follow nature's laws, even if they don't realize it.
So, BTC is also a product of nature in a sense... just like fractals (sacred geometry).
I think it's advisable to say that laws exist to protect the society. Legalization happens from the state to supposedly protect/take care of you. Yeah, pension looks like a pyramid, and many other things in life too. That's why the ponzi, as a term, is strict.
In theory, yes, they enforce certain things to "protect" you. The reality is little bit more different.
Besides, ponzi is by far a big fraud. What fraudulent does the pension system have?
Uhm, I don't know, maybe paying taxes for 40+ years to get a shitty pension in the end?
Just imagine doing DCA for 40 years:
https://dcabtc.com/Even 5 years only can pay huge dividends.
The choice is clear for me. I don't trust the state, I trust myself more (BTC as a pension).
Of course not everyone is a responsible person. Most people would rather have instant gratification and spend their whole capital prematurely.
I prefer to treat adults like adults, not babies (infantilization) that need "protection" from a "dad" (nanny state).
Do you consider this a strong proof to consider the entire pension system fraudulent?
Yeah, especially since abortions are legal too. You cannot have both abortions (so lack of workers) and a strong social security/pension system. You cannot have your cake and eat it too. You have to pick only one.
I agree about the latter, but for the former, I'm not yet convinced.
Monopolies hurt competition and increase corruption. Absolute power corrupts absolutely.
Do ethics matter?
For the state? They clearly don't!
How ethical can it be to pay 40% taxes and get shitty rewards from the state...
Come on, we crypto people look for the lowest fees all the time, even 5% seems crazy high. 40% fees would be insane and yet, sheeple eat it up.