This is what I have been saying for a long time they are spending billions on customer acquisition amounting to several hundred dollars per customer but after deducting processing costs and credit impairment they are garnering less than $5 per customer per year meaning it would take fourty or fifty years to break even.
Thats why the create the fluff announcements with the totally useless metric of customer numbers being those transacted once in the last year.
The Ponzi reference is that they keep having to add new customers to replace those that are no longer active.
Daily Price Movement / General Discussion, page-44606
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