Comments by "sdrc92126" (@sdrc92126) on "Not Just Bikes" channel.

Sounds like my university. I took classes in basically WWII barracks, but now a couple decades later looks like downtown Singapore. And I'm sure you can get an equally good education for free on the internet.
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investopedia: Pyramid schemes and Ponzi schemes have many similar characteristics based around the same concept: unsuspecting individuals get fooled by unscrupulous investors who promise them extraordinary returns in exchange for their money. However, in contrast to a regular investment, these types of schemes can offer consistent "profits" only as long as the number of investors continues to increase. Once the number tapers off, so does the money. Ponzi and pyramid schemes are self-sustaining as long as cash outflows can be matched by monetary inflows. The basic differences arise in the type of products that schemers offer their clients and the structure of the two ploys, but both can be devastating if broken down.
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@lotionman1507 A debt based system is the problem here. Fractional reserve can be a problem, but it's a completely different problem. You can have a fractional reserve system based on bitcoin or gold. In a debt based system, the only way you can repay a borrowed dollar is through another borrowed dollar that also has to be repaid trough a borrowed dollar. To repay a borrowed bitcoin, you have to work (mine) in order to pay it back. Fractional reserve means that you can loan out your borrowed bitcoin more than once.
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