<story><title>Founder of $90M cryptocurrency hedge fund sentenced to seven years in prison</title><url>https://www.justice.gov/usao-sdny/pr/founder-90-million-cryptocurrency-hedge-fund-sentenced-more-seven-years-prison</url></story><parent_chain><item><author>mensetmanusman</author><text>I seriously wonder how you differentiate between real crypto and a Ponzi scheme.&lt;p&gt;By definition, Ponzi scheme’s, like musical chairs, do work as long as people keep playing.</text></item></parent_chain><comment><author>DennisP</author><text>At this point Ethereum has a bunch of applications on top with quite a bit of demand, and you need ETH to pay the transaction fees, a portion of which are burned. Once proof-of-work is discarded early next year, the supply will start shrinking, and it&amp;#x27;ll be possible to value ETH like shares in a company doing stock buybacks. So I&amp;#x27;d say that doesn&amp;#x27;t look much like a Ponzi scheme.</text></comment>
<story><title>Founder of $90M cryptocurrency hedge fund sentenced to seven years in prison</title><url>https://www.justice.gov/usao-sdny/pr/founder-90-million-cryptocurrency-hedge-fund-sentenced-more-seven-years-prison</url></story><parent_chain><item><author>mensetmanusman</author><text>I seriously wonder how you differentiate between real crypto and a Ponzi scheme.&lt;p&gt;By definition, Ponzi scheme’s, like musical chairs, do work as long as people keep playing.</text></item></parent_chain><comment><author>davidw</author><text>&amp;quot;The only winning move is not to play&amp;quot;. I guess you might miss out on something, or miss out on making a tidy profit off a Greater Fool, but the peace of mind is worth it.</text></comment>