"kudos to the developers for discovering a class of rich, pseudo-intellectual suckers willing to value the work they haven’t done at multipliers that would give a private equity partner an aneurysm"
Well stated. Were I to design a Ponzi for the 21st century, it would look and feel like Bitcoin. The essence of a good scam is to capture the imaginations of people who believe themselves to be smart and unable to be conned.
This is pretty great.