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A basic Ponzi scheme is not really all that elaborate, it simply involves paying off early investors with the funds invested by newer investors - that is to say the first tranche get paid from the investments of the second and they in turn get paid by the third and so forth until there comes an inevitable point where there is no subsequent tranche of investors to pay the previous one and the final investors lose their entire stack.
98.4% of statistics are made up on the spot.
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A scheme implies a fraudulent design. Of course the monstrous rise in in Bitcoin valuation is crazy, but it could hardly have been foreseen form the outset even from its early owners, and most early owners got rid of them without any profit. IMHO Bitcoin is much more like the infamous Dutch Tulip Craze than a Ponzi scheme.
Tulip mania - Wikipedia
[EDIT:] by "complicated design" above I meant the designs to hide the fact that it is a pyramid. Like Bernie Eckhoff et cohortes.
... such stuff as dreams are made on
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PeejayAdams wrote: ...paying off early investors with the funds invested by newer investors
Just like our Social Security system!
If you think 'goto' is evil, try writing an Assembly program without JMP.
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Pom Pey wrote: anyone know what I can spend my $118 on?
Illegal goods on the dark web?
Last I read, you still could not buy a cheeseburger with $1,000,000 of bitcoin, so, it is pretty much useless to you now. 
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Just save them.
Inside a pyramid, so they will stay fresh forever.
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VOLATILITY
Oh, is this not a CCC? 
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Tulip bulbs?
.com companies circa 2000?
Bubble gum?
I'm pretty sure I would not like to live in a world in which I would never be offended.
I am absolutely certain I don't want to live in a world in which you would never be offended.
Freedom doesn't mean the absence of things you don't like.
Dave
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Prolly somthing like that, yes. Question is how many magnitudes are left before the bubble goes? Several magnitues ago everyone thought the last magnitude had been reached. And what does "bubble goes" even mean in this case? 50% 90% 99% down?
... such stuff as dreams are made on
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Hey! You stole my joke on LinkedIn which I bought from someone on Twatter yesterday! I paid B3.5 B4.7 B2.6 for it.
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Fall down into a depression (8)
(Kind if hoping someone gets this sooner rather than later - I got my days mixed up and have to be off mid-morning! How did it get to be Thursday already?!)
{edit] added the indefinite article, as it may help.... come on , you've got one hour left, is all...
modified 14-Dec-17 5:43am.
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Yay - we have a winner! 
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But do we have an explanation?
98.4% of statistics are made up on the spot.
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well...
sink = fall
hole = as in what you may fall down into
sinkhole = a depression (in the ground)
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$800 for a MS keyboard?
There must be a typo in the reference, it should not be WTA-00001, but WTF-00001 instead...
"I'm neither for nor against, on the contrary." John Middle
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Damn and I just bough 3 for stocking stuffers.
Someone's therapist knows all about you!
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I'm thinking more like "caca de toro"
Someone's therapist knows all about you!
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Dear Michael,
It is ergonomic, not economic.
Regards,
-- The Microsoft Werewolves Business Unit.
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I was about to but three but then I noticed that they may not be compatible with Windows 10.
98.4% of statistics are made up on the spot.
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