Date: Mon, 31 Dec 2001 01:50:27 -0700 From: Brett Glass <brett@lariat.org> To: jgrosch@mooseriver.com Cc: Terry Lambert <tlambert2@mindspring.com>, chat@FreeBSD.ORG Subject: Re: Confirm Your PayPal Membership Message-ID: <4.3.2.7.2.20011231014644.00e7af00@localhost> In-Reply-To: <20011231003819.A24218@mooseriver.com> References: <4.3.2.7.2.20011231011757.01d72730@localhost> <4.3.2.7.2.20011226145226.021974b0@localhost> <4.3.2.7.2.20011227092550.01c87ae0@localhost> <3C2FCA60.99829AA7@mindspring.com> <4.3.2.7.2.20011231011757.01d72730@localhost>
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At 01:38 AM 12/31/2001, Josef Grosch wrote: >So, you are basically saying the PayPal is a ponzi scheme? A Ponzi scheme is a bit different in that it claims to be an investment. PayPal doesn't claim to give users a gain on their money. But they likely have high overhead (due to the costs of employee salaries, bandwidth, fraud, fees paid to creit card companies, etc.) and could well spend substantially more than they can make on float. My suspicion is that their liabilities exceed their assets as a result on this, and that they could therefore not sustain a run. --Brett To Unsubscribe: send mail to majordomo@FreeBSD.org with "unsubscribe freebsd-chat" in the body of the message
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