This is not a ponzi scheme as people are buying Bitcoins for different purposes and they are paying for several reasons. If Bitcoin is ponzi scheme then it would have died already, but it staying more than 7 years and still continue growth, no one had asked to invest in Bitcoin for making them into profits.
If you loves so much to ban Bitcoin then consult to your PM and say everything about Bitcoin.
Topic: Bit Coin is a Ponzi Scheme - page 13. (Read 4734 times)
Bit coin is a Ponzi scheme. Don't listen to the bit coin shills on here. The newcomers buying into bit coin and driving up the price are just making the early adopters richer.
That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.
The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.
Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?
If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.
If you don't want the benefit of it then you should stay out of it and its place to communicate, I mean this forum. That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.
The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.
Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?
If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.
Say the ponzi scheme because you don't know bitcoin, you don't know the value behind it, but now bitcoin has gained too much, and there may be a bubble.
Well, guy, it's your opinion. Nevertheless btc and alt coins are todays reality. They're actively used all over the world in different transactions despite what you think about it, so don't aggrieve. Everyone makes their own choise!
to create a system that uses cryptography, and create blockchain technology just to run Ponzi. You just run the HYIP site within 2 hours and earn more money with less effort.
From Wikipedia........"A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game)[1] is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading. Operators of Ponzi schemes can be either individuals or corporations, and grab the attention of new investors by offering short-term returns that are either abnormally high or unusually consistent."
Operator? Who is that?
Who offered you anything?
Definitions are fun. Delete your account.
Operator? Who is that?
Who offered you anything?
Definitions are fun. Delete your account.
Where I live Ponzi schemes are everywhere. I know several people that recently were able to get out of them with their money plus about 20% profit since I explained how it would end. It eventually did and several others that didn't listen to me lost everything.
All that one needs to understand is the concept that the OPERATOR is anyone who got into Bitcoin when the price was low. In this case the OPERATORS are all that are on this thread that either cannot accept it or are lying to either themselves or anyone reading their reasoning...or both. ALL OF YOU that are facing a profit if you cash out DEPEND on the price going up by the revenue paid in by new investors RATHER than from legitimate BUSINESS ACTIVITIES (i.e. PROFIT from selling goods or service) or PROFIT of financial trading which is basically the same as a form of business activities. They go on to further break down what or who can be considered an operator...and again, that's ANYONE hyping or otherwise promising returns that are either ABNORMALLY HIGH (describes recent gains in BTC perfectly) or UNUSUALLY CONSISTENT (BTC is one of the most volatile financial instruments outside of pork belly futures...but the price consistently goes up).
I'm amazed that there are so many people out there that can't at least call a spade a spade.
And before anyone attacks me, I'm waiting for the CME to allow myself and people like me to short the crap out of BTC once we see the right moment. I'm here to study the level of ignorance, stupidity, and greed here so I'll have the best idea of when that golden moment comes about. Lots of people are going to get burned because they refuse to understand simple or even moderately complex English.
Then all stocks are ponzi's. I own Bitcoin, I don't "operate" it. I don't "operate" anyone. Alos, who promised you anything? No one. Just like stocks you hope it goes up.
And you delete your account. Stupid people everywhere trying to change definitions of words.
From Investopedia......What is a 'Ponzi Scheme'
A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers. For both Ponzi schemes and pyramid schemes, eventually there isn't enough money to go around, and the schemes unravel.
Who promised you a high rate of return with little risk? No one.
LOL and you tried to sound so smart. Try a dictionary.
Go back and read what I said. Several times. I didn't "try" to do anything. I made sense out of your nonsense and I said something that MANY honest Bitcoin veterans have admitted many times on this forum. Just not much on this thread. And yes, you ARE an operator. You depend on new money and more people to prop up the price to give you a return. IF you care about Bitcoin becoming a currency, it is secondary to your goals of fueling your greed. Don't bring other things into this like stocks since that just shows that you do not know how to debate with any intellectual capacity seeing as how you rely on attacking using nearly every form of logical fallacy. Learn about logical fallacy and then come back here and tell me that I'm the idiot.
P.S. Nearly everyone on this forum insists that BTC will be worth hundreds of thousands of $ and rarely admit to the enormous risk that can bring this whole thing crashing down overnight. Seriously get over yourself...and read the insanity that is probably 90% of this forum.
That is how it works, you hold for a long time and wish for the price to increase. Patience will give you great profit, and you can't stop the market from growing. The early bitcoin holders also did not know that bitcoin will be this big as of today, no one could ever know what exactly can happen in the future.
are we being trolled lol? Id expect this years ago but not so much now
You sound bitter on your statement dude. But nevertheless i agree with you when it comes to ponzi schemes and HYIP i dont like them either. But why would i back $$$? What benefit will it be to me unless i work 12 hours a day and get my pay in $$? If people find their financial freedom in bitcoin why not as long as they do not oppress or take advantage anyone?
How could someone possibly call bitcoin a ponzi scheme ? Bitcoin is the best thing it has happened to me, I bought a used mining computer rig with six RX 570 graphic cards and I am receiving about 400 dollars in bitcoin monthly without doing anything except paying for electricity. Do you know what this means to a third world country ? It means they can end the tyranny of capitalists there as capitalists there are different than the ones in the USA or Western Europe. Bitcoin is not a ponzi scheme at all.
Bitcoin more and more takes root in the global economy, it is involved in production, many large companies of the world use bitcoin in their activities. And on this forum even attached a long list of these companies. For me, this is a serious argument in the reliability of bitcoin. This is not Ponzi, not a bubble, not a hoax.
Also, Apple Stock, Real Estate, Numismatic coins, Collectable Cars, Classic Art Work .... all Ponzi Schemes (by the OP's definition) ... the people buying now are just making the people who bought in 80s richer ... 
I agree that some aspects of ponzi scheme applies to bitcoin, as the people at the bottom of the pyramid are getting profits from the people who joined at the top of the pyrmaid.
But one important Ponzi aspect is missing at the bitcoin netowork, there is not a big organization who manages the funds and can decide where to take the funds away and apply an exit scam, no one can just close the network, and the network is not promising you advanced profits for referring friends, and no one is going to run away with your money, but the whole bitcoin price is based on how much new people are joining the network.
But one important Ponzi aspect is missing at the bitcoin netowork, there is not a big organization who manages the funds and can decide where to take the funds away and apply an exit scam, no one can just close the network, and the network is not promising you advanced profits for referring friends, and no one is going to run away with your money, but the whole bitcoin price is based on how much new people are joining the network.
Ok, so if 2 out of 3 features of a ponzi scheme are not met then it's not a ponzi scheme!
If a robbery is taking someone's property against his will with the use of force or threats, and the last 2 conditions aren't met this means that you've just borrowed something. It's a huge difference, isn't it? OP is an idiot
The valid currency USD as you have termed is in its last stage as global reserve currency.Its an inflation currency.It is being printed unlimited and sent for circulation.USD just gained its importance after OPEC countries decided to sell crude oil only for USD.Otherwise,this so called valid currency would have been nothing.
Bitcoin is not a ponzi scheme.It has some unique features for which it gets the trust of people world wide.Its true that it has given huge profits to its early adopters.But it is not now in its end phase.Just it has crossed its initial eight years and yet,a long journey is to go.Today's investors will get their returns tomorrow.
If you believe this, you don't understand cryptocurrencies. By definition, they're set out to die eventually. The amount of coins that can be produced is limited, and if you consider that many things result in frozen coins (e.g. deleting your wallet), it's only logical that after all coins have been made, the number can only go down, which will eventually reach critical levels and make the whole system impractical. That's the equivalent of the ultimate fate of the universe for a crypto, and with IRL money that doesn't happen because you can always print more. That doesn't matter much, because in addition to being inherently finite, it's also a speculative bubble that will burst; proof is how unstable it is when reacting to supply/demand (e.g. that one time weeks ago when it dropped $2k because some people shilled another coin). Bitcoin is not a ponzi scheme.It has some unique features for which it gets the trust of people world wide.Its true that it has given huge profits to its early adopters.But it is not now in its end phase.Just it has crossed its initial eight years and yet,a long journey is to go.Today's investors will get their returns tomorrow.
The valid currency USD as you have termed is in its last stage as global reserve currency.Its an inflation currency.It is being printed unlimited and sent for circulation.USD just gained its importance after OPEC countries decided to sell crude oil only for USD.Otherwise,this so called valid currency would have been nothing.
Bitcoin is not a ponzi scheme.It has some unique features for which it gets the trust of people world wide.Its true that it has given huge profits to its early adopters.But it is not now in its end phase.Just it has crossed its initial eight years and yet,a long journey is to go.Today's investors will get their returns tomorrow.
Bitcoin is not a ponzi scheme.It has some unique features for which it gets the trust of people world wide.Its true that it has given huge profits to its early adopters.But it is not now in its end phase.Just it has crossed its initial eight years and yet,a long journey is to go.Today's investors will get their returns tomorrow.
Bit coin is a Ponzi scheme. Don't listen to the bit coin shills on here. The newcomers buying into bit coin and driving up the price are just making the early adopters richer.
That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.
The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.
Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?
If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.
That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.
The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.
Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?
If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.
So you are here since 2011 and are still not capable to write Bitcoin? GTFOH
You either bought this account or you hacked it.
yes probably is not the original owner, because in 2014
https://bitcointalksearch.org/topic/m.5689089
this user was able to spell correctly bitcoin
The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.
Yes, Yes, Yes it is a powerful super power, which cheats people every day, providing them with green pieces of paper whose value exactly equal to 0. 
This is how all skeptics reason. And not only in relation to bitcoin. Fortunately, bitcoin is voluntary. And most investors have a strong and convincing opinion about it, about its security. If in doubt, do not invest. It's simple.
From Wikipedia........"A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game)[1] is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading. Operators of Ponzi schemes can be either individuals or corporations, and grab the attention of new investors by offering short-term returns that are either abnormally high or unusually consistent."
Operator? Who is that?
Who offered you anything?
Definitions are fun. Delete your account.
Operator? Who is that?
Who offered you anything?
Definitions are fun. Delete your account.
Where I live Ponzi schemes are everywhere. I know several people that recently were able to get out of them with their money plus about 20% profit since I explained how it would end. It eventually did and several others that didn't listen to me lost everything.
All that one needs to understand is the concept that the OPERATOR is anyone who got into Bitcoin when the price was low. In this case the OPERATORS are all that are on this thread that either cannot accept it or are lying to either themselves or anyone reading their reasoning...or both. ALL OF YOU that are facing a profit if you cash out DEPEND on the price going up by the revenue paid in by new investors RATHER than from legitimate BUSINESS ACTIVITIES (i.e. PROFIT from selling goods or service) or PROFIT of financial trading which is basically the same as a form of business activities. They go on to further break down what or who can be considered an operator...and again, that's ANYONE hyping or otherwise promising returns that are either ABNORMALLY HIGH (describes recent gains in BTC perfectly) or UNUSUALLY CONSISTENT (BTC is one of the most volatile financial instruments outside of pork belly futures...but the price consistently goes up).
I'm amazed that there are so many people out there that can't at least call a spade a spade.
And before anyone attacks me, I'm waiting for the CME to allow myself and people like me to short the crap out of BTC once we see the right moment. I'm here to study the level of ignorance, stupidity, and greed here so I'll have the best idea of when that golden moment comes about. Lots of people are going to get burned because they refuse to understand simple or even moderately complex English.
Then all stocks are ponzi's. I own Bitcoin, I don't "operate" it. I don't "operate" anyone. Alos, who promised you anything? No one. Just like stocks you hope it goes up.
And you delete your account. Stupid people everywhere trying to change definitions of words.
From Investopedia......What is a 'Ponzi Scheme'
A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers. For both Ponzi schemes and pyramid schemes, eventually there isn't enough money to go around, and the schemes unravel.
Who promised you a high rate of return with little risk? No one.
LOL and you tried to sound so smart. Try a dictionary.
Bit coin is a Ponzi scheme. Don't listen to the bit coin shills on here. The newcomers buying into bit coin and driving up the price are just making the early adopters richer.
That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.
The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.
Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?
If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.
That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.
The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.
Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?
If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.
So you are here since 2011 and are still not capable to write Bitcoin? GTFOH
You either bought this account or you hacked it.
yes probably is not the original owner, because in 2014
https://bitcointalksearch.org/topic/m.5689089
this user was able to spell correctly bitcoin
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