Topic: Bit Coin is a Ponzi Scheme - page 11. (Read 4734 times)

Not only are they clueless but they are lazy and never back-read where the ponzi scheme definition was broken down exactly to the case at hand.  I attribute much of it to the fact that most posting on this forum are not native English speakers.  Aggressive denial is the #1 sign of a Ponzi scheme.  The funny stuff is when someone above was trying to say things like housing markets, pension funds, government programs should be called ponzi schemes also in a sarcastic manner....well they are indeed...lol.

All that matters in a Ponzi scheme is that one knows when to get in and get out.  Not everyone loses money in Ponzi schemes.  I know several people who made their living playing (not operating) Ponzi schemes over the years.  Their secret?  "Never get greedy."  Good luck with that philosophy in this market where 99% have never cashed out and will the ones that are burned in the end.

You people commenting are clueless. I really hope none of you actually have any money invested. Remember the saying " you dont make momey until you sell" absolutely nothing backs bit coin. The "fiat" currency your talking about is the currency that is putting food on your table, a roof over your head and clothes on your back. It is backed by governments and central banks which back all the mortgages and car loans etc with interest rates which are backed by a countries economy. Bit coin has none of that. Its a pipe dream. An interesting dream but that is all. Dont get mad at the truth. Governments have power. Not bitc oin. Governments have armies not bit coin.

Bitcoin is not a ponzi scheme or a fraudulent act which they not forbidden any rules of the law. In fact aside from their success in the industry;
they follow all the compliance of the law which they promote all legal deed and good business ethics in our industry.

So you're saying *on bitcoin forum* that bitcoin is a ponzi scheme?  Get out of here man.  Bitcoin is a currency,  not a ponzi scheme.  Sure it may go up when it's bought and go down when it's sold,  but fiat currency does this as well.

Exactly, 100% Zero ponzi.

I've heard people call Bitcoin a Ponzi before, but i've never seen it explained.  Seems like just a trope

you obviously have no idea what your talking about and don't understand the concept of an open source public ledger, or blockchain technology. Cryptocurrency is the future of currency period. maybe not in our lifetimes, but soon enough, paper and metal coin will be a thing of the past and everyone will have all different kinds of cryptos for their daily use.

I've seen writing like that everybody thinks that bitcoin is a ponzi scheme, but they never become bitcoin users who just analyze and write articles that can make me laugh.
if they had gone to a restaurant to know the cuisine at the restaurant, at least they would have to taste the food and comment on the food and not analyze it
I think they need to understand well before writing about bitcoin at least they also need to know what bitcoin technology and blockchain

You like digging your own grave here, you know this is a bitcoin forum? and why do you make a topic like this?

Bitcoin is not a Ponzi Scheme, he is a very special virtual coin.

LOL. I don't think Bitcoin is a Ponzi Scheme, it's a cryptocurrency, it was made with good purpose not to scam other people money like Ponzi. Although it's not a ponzi scheme but I can't refuse that Bitcoin is related to a lot of ponzi scheme but that not mean Bitcoin is a ponzi scheme. You should change your mind buddy. A lot of people out there still have the same thinking like you that why Bitcoin is not legalized worldwide

Another guy who lose from the trade calling btc a ponzi lols. How about stockmarket, is it a ponzi or not?

The only story Op has about how he don't believe in bitcoin and consider it as ponzi scheme where there is no one who control it, it's decentralized digital currency.
The only story Op has about how he lost the chance to become a rich man if he invest $1000 in bitcoin back in 2011.
And here he is, trying to influence newbies to do the same mistake as he did.

The whole banking system is way more of a Ponzi than Bitcoin could ever think of being.

All money in the banking system is borrowed into existence. All banking system loans are creations of new money. How do we know? Here's how.

If you go to the bank for a loan, and you are sitting across the desk from a loan officer, and he/she slides the promissory note across the desk for you to sign, does the unsigned note have value? Of course not. If it did, the banker would simply loan you the money without your signature. In fact, the banker could pick a name and address out of the phone book, write up a loan to that name, and keep the money but charge the loan to that name.

The point is, the note has no value without a signature. Then you sign it, and suddenly the note becomes valuable. Value is in your signature. You just created value; you just created private money.

Then the banker accepts your private money, and gives you some public money in trade. Notice that it is in trade. There is no loan. The loan idea and wording is a lie.

The point is that the loan is a creation of new money. The bank sells your note, making money on sale immediately, and on your payments as you apy the "loan" off. No loss to the bank, even if you immediately default.

All money is created through loans. The government borrows money. Their credit is based on the ability of the country to make payments on the loans. Getting more loans for the banks is what the government does to assure that they can make payments on their loans and get larger loans in the future. Military spending comes from loan money, and that is why we have wars. (Another subject.)

The point is, if we don't keep on getting more people and companies into the Ponzi, and if they don't make payment on the outstanding loans, the Ponzi will fail. Who knows what the chaos would look like if the banking Ponzi failed.

Bitcoin is straight-out value for value, although a lot of it is perceived value. If it has a touch of Ponzi-ism in it, it is not anywhere even approaching a Ponzi like the humongous banking Ponzi.

To see the size of the banking Ponzi, consider that the Foreign Currency Exchange (Forex) does over $5 trillion in fiat currency exchange every day.

Any Ponzi in Bitcoin isn't even a blip on the screen... isn't big enough to be the proverbial needle in the proverbial haystack... isn't the size of a gnat in a bowl of soup compared with the camel that is the bowl.

It is absurd to say Bitcoin is a ponzi scheme, this is as a result of some countries whose government have approved bitcoin as a currency. If it is a ponzi scheme am very sure the government will have carry out its findings before adopting bitcoin as acceptable  for paying for  goods and services. Bitcoin is a digital money with which investments is made for the purpose of yielding gain. Many establishments all over the world  accepts payment using bitcoins. If it were a ponzi scheme definitely they would not have accepted it. A ponzi sheme is not reliable, and method of getting money is to use payment of new members to pay older members, and  such does not exist in the case  of this digital currency called Bitcoin.                                                                         

Oh well. It's never a Ponzi scheme for me. It's the new virtual currency for the new modern world. We are becoming modernized and so currencies such as bitcoins have to come along with the new technology.

The only difference of these two is that fiat money is centralized and being controlled by our government while Bitcoin is decentralized. Though Bitcoin may not be under control of the government but this was Satoshi wants when he created Bitcoin. And it's up to us people to decide whether we support Bitcoin or not but most of us decided to support it because they like the characteristics of Bitcoin.

If you are applying one assumption for one currency then it should be applied to each and every currency out there with no exception to it.


Yes, $10K is not the value of 1 Bitcoin but the value of trust of me and everyone out there who is using Bitcoins and rest is the game of demand and supply. If a cryptocurrency like Bitcoin is a Ponzi scheme just because it is based on trust then what about other currencies?

You might be operating on a different definition of Ponzi scheme than the rest of us? Check out my definition at:

https://decryptionary.com/dictionary/ponzi-scheme/

You're a funny man or woman?. I don't want to argue with people who dont even know what He's fighting for.  Did you use bitcoin?  Do you have any bitcoin? I would like to suggest that maybe you try to buy bitcoin, hold it for a month and sell it.  Then, state what happen to your bitcoin.  Does it gain profit or you lose some money?  Before you speculate anything.  People in this forum are here because they believe and trust in bitcoin.  Some have their losses but still they have faith to continue in using bitcoin. Bitcoin is circulating and many statements here that bitcoin really help them atleast for their day to day routine and spending. Maybe just find other site,  you will just gain Banshees here.

yes for me that was right cause bitcoin never ever make some promises about cause it is not that bitcoin are having some promises about so better to check it first before making some news about bitcoin that was not true research about what was bitcoin is.