I stayed out of this thread at the time because I knew I'd just get really annoyed but seeing as Walrus is no longer here and after recent events I thought I'd have a look and it turns out our crypto fans were discussing a Ponzi scheme and deciding it was a good investment. Marvellous.

To be fair to crypto recent events might make you think it's all a Ponzi scheme but that's not true. Some of it is Ponzi schemes, some of it is affinity fraud, some of it is pyramid schemes, some of it is pump and dump schemes, some is middlemen skimming a hundred and one percent off the top, some of it is just straight up criminality.

And don't forget the tax evasion and money laundering schemes either. Celebrate all the diversity in the crypto sphere.