Lol this is looks like quite a long argument for something that actually has a very simple set of responses and this is the conclusion I have come to when dealing with people who claim Bitcoin is a scam or a ponzi scheme:
. They don't know what a ponzi scheme is
. They haven't been scammed before or don't know what an actual scam is like
. They don't understand a thing about programming
. They don't know anything about open source software or that Bitcoin is in fact open source
. They directly benefit from the very system Bitcoin is toppling and they hate the idea of it ending
. They don't look up the words they say in the fucking dictionary
Topic: 2013-11-22 Money Week Bitcoin: a ‘libertarian Ponzi scheme’ (Read 797 times)
Another great peice by Bill. Very articulate and insightful.
The headline does not reflect their opinion, they are responding to the contention that it is a Ponzi scheme and has a discussion of various other issues:
http://moneyweek.com/bill-bonner-bitcoin-a-libertarian-ponzi-scheme/
http://moneyweek.com/bill-bonner-bitcoin-a-libertarian-ponzi-scheme/
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