I'm not oppose to calling it fraud or scam. I'm in general just against using Po... | Hacker News

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		Ekaros on May 19, 2021 \| parent \| context \| favorite \| on: Crypto crash deepens, stocks slip I'm not oppose to calling it fraud or scam. I'm in general just against using Ponzi scheme to describe things that are not systems where previous investors are promised and paid profits with later investors money. BTC is bubble or mania. But not really Ponzi. Tether is even less so, it's carnival token...

Qub3d on May 19, 2021 [–]

Here, there is a lot of very in-depth discussion on why Tether is specifically a Ponzi scheme at the top of HN right now: https://news.ycombinator.com/item?id=27214342

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