To the extent that Bitcoin is a ponzi scheme or pyramid scheme, it can also be observed that the US Social Security System and many Pension Funds both public and private have the characteristics of a pyramid scheme.
Where will the exponential growth required to keep them solvent come from?
Ted Baker - 6 years ago
I do not believe that Bitcoin is a Ponzi Scheme - but I believe many other of the 1200 or more cryptocurrencies may, unfortunately, fall into that category. Choose wisely.
Matthieu Bonten - 6 years ago
Why btc is not a ponzi, copied from Rocky.
There are no paid dividends to any investors.
The purpose of using bitcoin isn’t to recruit new participants.
There’s no centralized body that funnels money up to the top.
Unlike Ponzi schemes, Bitcoin will still have value and continue to function even if no new participants join the ecosystem.
A ponzi has nothing to do with BTC, i really do not understand this comparison. It's a fear method for idiots.
Dave - 6 years ago
As someone who has been accused of “masterminding” a Ponzi scheme of $140 plus million, it has all the attributes of one. In the final analysis the courts will decide what it is, most likely a security. Won’t mean they’re right.
To the extent that Bitcoin is a ponzi scheme or pyramid scheme, it can also be observed that the US Social Security System and many Pension Funds both public and private have the characteristics of a pyramid scheme.
Where will the exponential growth required to keep them solvent come from?
I do not believe that Bitcoin is a Ponzi Scheme - but I believe many other of the 1200 or more cryptocurrencies may, unfortunately, fall into that category. Choose wisely.
Why btc is not a ponzi, copied from Rocky.
There are no paid dividends to any investors.
The purpose of using bitcoin isn’t to recruit new participants.
There’s no centralized body that funnels money up to the top.
Unlike Ponzi schemes, Bitcoin will still have value and continue to function even if no new participants join the ecosystem.
A ponzi has nothing to do with BTC, i really do not understand this comparison. It's a fear method for idiots.
As someone who has been accused of “masterminding” a Ponzi scheme of $140 plus million, it has all the attributes of one. In the final analysis the courts will decide what it is, most likely a security. Won’t mean they’re right.
Bitcoin is not A Ponzi. But Some other smaller cryptocurrency might be.
Bitcoin is a speculatieve coin.
Thank you for your blog.
i am just watching the cryptocurrency saga with interest