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Brian Sullivan

Too good not to share.

Jan 17, 2025, 16:46 · · · Web · 245 · 309

@briansullivan A Twitter post by Pat Dennis ([@]patdennis) that reads: "Sick of people calling everything in crypto a Ponzi scheme. Some crypto projects are pump and dump schemes, while others are pyramid schemes. Others are just standard issue fraud. Others are just middlemen skimming off the top. Stop glossing over the diversity in the industry." The post was tweeted at 1:05 PM on April 25th, 2022, and has 13.1K retweets and 437 quote tweets. A small profile picture of Pat Dennis is visible in the upper left corner.

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@briansullivan @kirakira
Crapto isn't even all fraud, there's also drug dealing, money laundering, tax evasion, extortion...

#crypto #pyramid #ponzi

@briansullivan @kirakira
Also one guy bought some pizza back in 2010

@briansullivan

Typical pyramid schemes only have three sides; ours have *four* sides, so it can't possibly collapse."

#ponzi

@briansullivan
skill issue i'm afraid. any fraud people don't understand becomes a ponzi scheme, even though ponzi scheme is a specific fraud that I don't think has ever used a crime coins gimmick.

p.s. we should call it a spitzeder-howe scheme, but some people can't stand female excellence

@briansullivan
It’s only crypto if it comes from Cryptopolis. Otherwise it’s just sparkling embezzlement.