Are Cryptocurrencies and NFTs digital pyramid schemes based off of Greater fool theory?

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In a 2021 interview with Bloomberg, Bill Gates, one of the most successful entrepreneurs of our time, said that cryptocurrencies and NFTs are “100% based on greater fool theory.” This statement sparked a debate among experts in the financial and technology industries, raising concerns about the sustainability of these digital assets and their underlying value. In this article, we will explore the idea that cryptocurrencies and NFTs are digital pyramid schemes based on the greater fool theory and examine the evidence supporting this claim. We will also discuss the potential risks and drawbacks of investing in these types of digital assets and whether or not Bill Gates’ statement holds water.

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A Comprehensive Guide to Getting Started with ChatGPT

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Open AI and Chat GPT are two buzzwords that took the internet by storm in the last two months. Chat GPT is an AI chatbot released by the research organization Open AI. Currently, Chat GPT is accessible to all and can be used free of charge. Even a person with no technical knowledge can easily use it to find answers to his or her queries.

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How PewDiePie Became the Most Subscribed Individual YouTube Channel

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Today, gaming YouTube channels featuring video game walkthroughs, Let’s Play (LP), are no big deal. But in 2006, when YouTube was introduced, gaming videos were not a popular niche. Comedians and vloggers dominated the platform, and game play video content was practically unheard of. PewDiePie, aka Felix Kjellberg, is a Swedish content creator who rose to success in a few short years with gaming video content. PewDiePie has a Guinness record for being the individual YouTube channel with the highest number of subscribers. It is the fourth YouTube channel with the most subscribers in the platform, with 111M subscribers at the time of writing this article.

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IPL Business Model That Made It One of the Richest Sports Leagues in the World

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If you are a cricket fan, there is no way you haven’t heard of the IPL. Did you know that IPL is the 4th most profitable sports league in the world? It’s also the second highest-paying sports league in the world.

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Dana White’s Ultimate Fighting Championship (UFC) Masterstroke

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UFC is the world’s biggest mixed martial arts (MMA) organization, with millions of fans all over the world. But what makes it so successful? And how did it all start? The Ultimate Fighting Championship (UFC) was founded in 1993 by Art Davie and Rorion Gracie. They wanted to create a new kind of fighting sport where athletes would compete against each other using various styles of fighting without using weapons. But they had no idea how big UFC would one day become; neither did they have a business plan or strategies. But in 1997, Dana White bought the company from its founders. Since then, he has grown the UFC into one of the largest sports organizations in the world. In fact, he has made UFC into a cultural behavior. White believed that fighting is for everyone, irrespective of age, gender, location, country, or language, and would make a successful business model that works in all corners of the world. With this out-of-the-box thinking, he made MMA a global phenomenon and UFC a billion-dollar sporting enterprise.

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How Nas Daily Made a Living By Vlogging His Way to Success

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When looking at successful social media personalities who rose to fame from zero, Nas Daily is a name we can’t forget. With 20 million Facebook followers, 3 million Instagram followers, 8 million YouTube followers, and 4 million TikTok followers, Nas Daily has nearly 50 million social media followers. Nas Daily videos are available in 13 languages, with more than 500 million video views from all corners of the world. Nas Daily also has offices in Dubai, Singapore, India, and the Philippines.

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A Case Study on MrBeast’s rise to fame and what lessons we can learn from his success

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If you are a regular YouTube viewer, then there’s no way you haven’t heard of MrBeast, the second most subscribed individual YouTube channel. If you take all YouTube channels, including channels owned by both corporates and individuals, MrBeast is the fifth most subscribed channel. One video on the channel has an average of 60 million views, and the total number of views on his channel exceeds the population of the world. It’s said that MrBeast earns around $3 – 5 million just from his ad revenue. Of course, this is not counting sponsorships or brand deals. Everyone’s waiting with bated breath for him to become the first YouTube billionaire.

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A Case Study of How TikTok Became the Most Popular Social Media Platform

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Did you know that TikTok is the most downloaded app in recent years? With over 3 billion downloads and over 1 billion monthly active users, TikTok has been able to surpass social media giants like Facebook and YouTube and become the most popular social media app. Statistics say that even the combined revenues of Airbnb, Twitter, Dropbox, Zoom, and Snapchat cannot reach the total revenue of TikTok.

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The Complete Guide to Cryptocurrency-Related Rug Pulls and How to Spot Them

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Decentralized Finance, or DeFi, refers to Peer-to-peer (P2P) financial instruments created on top of a blockchain system (most DeFi coins use the Ethereum blockchain network) that don’t rely on central intermediaries (Banks and other financial facilitators). According to Coingecko, the DeFi space will be worth more than $100 billion in 2021. The influx of money combined with lack of legal governance, risk management, and compliance has made DeFi space a popular target for gamblers and fraudsters. The ‘Zero-sum game’ nature of these transactions means someone must lose money in order for someone else to profit. Often people get caught to rug pull scams and end up funneling lot of money to small group of insider traders. In this article we examine how exit scams are performed, as well as how a vigilant investor may track and investigate such behavior in the crypto space.

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What Are Non-Fungible Tokens (NFTs) and How to invest in them as Someone Living Outside the USA

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The Non-Fungible Tokens (NFTs) market is developing at a rapid rate. NFTs can disrupt all sorts of industries, including gaming, gambling, and even the real estate industry. Some NFTs are already worth millions of dollars! Jack Dorsey, the CEO of Twitter, has said in a series of talks that NFTs will be bigger than Bitcoin. In fact, Jack Himself auctioned his first tweet in March 2021 for millions of dollars when he converted the proceeds to Bitcoin and donated them to charity. This article will explore what NFTs are and everything you need to know to get started with them.

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