Dare Obasanjo on Nostr: Crypto is fundamentally a pyramid scheme where new entants enrich the earlier ...

Crypto is fundamentally a pyramid scheme where new entants enrich the earlier adopters with the hope of fleecing the next generation of bag holders.

The challenge is you need really deep pockets to give returns to BlackRock & Fidelity ETFs and prop up valuations of underwater crypto startups.

Solution: The US taxpayer as the bagholder of last resort.