Topic: [2014-1-31] Bloomsberg: Bitcoin ‘Ponzi’ Concern Sparks Warning From Estonia Bank (Read 718 times)
February 01, 2014, 03:09:25 AM
Maybe they don't know what a ponzi is. Give the guys a break
February 01, 2014, 03:07:50 AM
You have to be illiterate to consider Bitcoin a ponzi scheme.
I'd say you have to be economist/half literate/skeptic or central bank to consider Bitcoin as ponzi scheme.
January 31, 2014, 12:43:02 PM
You have to be illiterate to consider Bitcoin a ponzi scheme.
January 31, 2014, 12:12:47 PM
Lol, warnings from "central banks" 
January 31, 2014, 11:52:25 AM
If you operate a Ponzi, you accuse the competition being a Ponzi.
To me it sounds like governments invented it.
Quote
A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from existing capital or new capital paid by new investors, rather than from profit earned by the individual or organization running the operation. ... The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme.
http://en.wikipedia.org/wiki/Ponzi_schemeTo me it sounds like governments invented it.
January 31, 2014, 04:47:14 AM
For fucks sake I wish these people would just do some fucking research.
That's why I've initiated post to contribute: https://bitcointalksearch.org/topic/collection-of-research-paperjournals-on-bitcoin-441611
Contribution is required!
January 31, 2014, 04:29:55 AM
I can see ponzi scheme becoming one of those phrases everybody throws around for any investment they don't like without actually understanding what the term really means and yet again even in comments I'm seeing the tulip craze while these people conveniently forget that it is hard coded that there will only ever be 21 million coins in the world.
For fucks sake I wish these people would just do some fucking research.
Yey, logic and rationality!: https://en.bitcoin.it/wiki/Myths
For fucks sake I wish these people would just do some fucking research.
Yey, logic and rationality!: https://en.bitcoin.it/wiki/Myths
January 31, 2014, 04:29:48 AM
Eastonia, along with Latvia is one of the prime destinations of Russian dirty money (especially after the collapse of Cyprus). And they are now calling BTC as ponzi...
January 31, 2014, 04:24:12 AM
Other central banks are issuing warning for virtual currency and here Estonia central bank considers it as ponzi. Wow! If I remember, then estonia is advanced country where they've wifi cities.
http://www.bloomberg.com/news/2014-01-30/bitcoin-ponzi-scheme-worry-sparks-estonia-central-bank-caution.html
http://www.bloomberg.com/news/2014-01-30/bitcoin-ponzi-scheme-worry-sparks-estonia-central-bank-caution.html
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