AusFinance

1000 readers

6 users here now

founded 2 years ago

MODERATORS

ASX edges higher as Aussie dollar remains near seven-months lows and Bitcoin passes $US100,000 — as it happened (www.abc.net.au)

submitted 2 weeks ago by Baku@aussie.zone to c/ausfinance@aussie.zone

14 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] No1@aussie.zone 1 points 2 weeks ago* (last edited 2 weeks ago) (2 children)

Don't force assumptions on me. I have no issue with fiat or other 'money'. Or property, or investments.

Ahh, my friend, forget ponzi. Explain economics to me.

Or, alternatively, explain how 'traditional' investments or property or fiat differ from a ponzi.

'Elaborate'. I'll wait.

[–] hanrahan 1 points 23 hours ago

Ahh, my friend, forget ponzi. Explain economics to me.

Not the OP bit I'll take the bait... For as long as humans have existed we have paid others to pretend to know the future, once we used chicken entrails, tea keaves etc now we use economists who pretend they are different to thier predecessors who used tea leaves but they to use tools inappropriate to forecasting,

"The only function of economics is to make astrology look respectable." — Ezra Solomon, professor of finance, Stanford University

[–] Eyekaytee@aussie.zone 1 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

I don't know if you mean to come across like a profound philosopher whos stumbled onto a great secret that makes all economics? digital currency? fiat currency? as dumb as a literal ponzi but if you could get your point across without being vague as hell that'd be great.

[–] No1@aussie.zone 1 points 2 weeks ago* (last edited 1 week ago)

The emperor has no clothes 🤣. That's as simple as I can put it.

You keep bleating 'Ponzi' as if that's a logical explanation.

Pick anything you like. Anything. Prove it's not a Ponzi. It might help you understand what an actual Ponzi is.