Thank you for your criticism.
In general, we can label the market as a Ponzi scheme, as you put it. Everyone is making or losing money from each other's pockets.
When I buy shares of an example MMM company, behind the shares is a company that has 60,000 different products that it sells all over the world. People buy these products because they need them, not in the hope that they will sell when price of self-adhesive wall hooks pump. Of the profits the company generates, it pays me a 6% dividend. this is investing and you won't tell me it's ponzi schame.
If there were currently $100 million inside, would you still call it a Ponzi scheme?
Yes, money is important.
Of cours i would. LUNA had $30B marketcap and UST had another $19B before it collapsed. Bernie Madoff went to jail in 2008 for 150 year because of a $20B ponzi.
I mentioned the idea of a science fiction-themed role-playing game as a use case for the token.
If there were currently $100 million inside, would you still call it a Ponzi scheme?
do you think you can make a "science fiction-themed role-playing game" with enough popularity to justify a capitalization of $100 million? So, for example, 500,000 copies sold at $20 in 1 year, which gives a P/E of 10, not including production costs (1 mln copies including marketing, distribution costs etc.)? Because thats the only use case you plan to have.
