> Words have meaning in context

And you do recognize the context of those words was 15 years ago at this point?

> was exactly a Ponzi scheme in that sense, even if it wasn't a deliberate scam

There are better terms of art to describe the scenario. If we lacked for those words I might grant you this point, but since we don't, I find the description lacking in precision if not completely faulty.

> the more "normal" reason that they just don't gain traction.

Is that actually the "normal reason" most businesses fail? I'm not sure it is.