AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Is XE Really a Ponzi?
XE has been unfairly treated in many ways because it was represented sort of the play to earn and now what they call play and earn movement. The criticism I think here is not so much that people say it's a Ponzi or something, it's actually because the XE team has a very Milton Friedman libertarian view of the world. They are non-market interventionists. So the market effects that you're seeing may look very much as a defect, but actually is a feature of its philosophical political thinking of what is XE. Now why do they pay? Because it's fun, because they're playing with the 95 to 99% of players who play for free. And Web