2min chapter

The Compound and Friends cover image

The One With Matt Levine and Mary Childs

The Compound and Friends

CHAPTER

Bitcoin Is a Ponzi Scheme

Bitcoin has a built in MLM kind of vibe to it. You could argue stocks, game stocks, also. All stocks do. I feel like Bitcoin is the precedent for that. Like everywhere else, like every other bubble sort of leads with a fundamental story that gets kind of blown out of proportion. And this kind of leads with just like it's fun to be on a Reddit together.

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