Quote:
Originally Posted by $5 submissions
I hate to say it but most of Crypto is a ponzi except BTC and possibly a handful of other projects
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That much I agree with. In DeFi most of them are copycat projects that re-use slight variants of the same code. The majority aren't malicious or scams, they're simply bad tokenomics destined to lose money from the start. The number of rugpulls/scams is dwarfed by those which are simply poorly designed. Ethical and competent developers are few and far between.
BTC isn't a ponzi however it is definitely heavily manipulated, hence it's attractiveness to all the trading firms getting involved with it. They'll be able to push the price up and down largely as they please and squeeze profits out of the suckers who keep buying during bull runs and selling on panic.
I see no reason for the price to repeat the growth phases of the past when its market share will simply keep dwindling and the volatility will continue to scare away serious long term investors.
Greener pastures exist.