Here you go again assuming just because something is a bad investment it’s a ponzi scheme.
Also you need to understand that I am not speaking about crypto in general, which is concerning you don’t make the distinction, because they’re not all even remotely the same. You’re out of your damn mind if you think you can refer to Etherium or a Stablecoin in the same breath of legitimacy as bitcoin .
This is you missing my point entirely.
Early investment in bitcoin meant you could buy things with bitcoin. Not a ponzi scheme.