Topic: Bit Coin is a Ponzi Scheme - page 14. (Read 4755 times)

So you are here since 2011 and are still not capable to write Bitcoin? GTFOH
You either bought this account or you hacked it.

until it's illegal, and then it will be worthless

It is not a ponzi scheme. It acts as a store of value
Nobody is waiting for a particular amount at the end of the year or month.

In Any Ponzi Scheme there is something valuable is related, and that Something is always Money or Currency. Now, if Mr. X opens a Ponzi Scheme you should blame him or the stupid people who went for that, but you can not blame money, ok?

now read all those "Money" as "Bitcoin".

The thing is, anybody can open any Ponzi Scheme based on Money or Bitcoin - here Money or Bitcoin is not to blame.

No one ever invests in bitcoin's project, it simply gets trader-sellers to create value so it's not ponzi.

Has CME jumped in in any of the other Ponzi schemes?

It’s only a Ponzi scheme, if people are waiting for an end result. There is no end result with bitcoin; it is the result!!

False. Actually, bitcoin mining requires power, shells, wares, rigs, and etc. Before you could produce 1 bitcoin, you must shit bricks. (of course you didn't get it, did you?); Now, let me tell you something... your paper money is useless, actually you can wipe your shit with it, the only reason it has a value is because your "most powerful superpower" dictates likeminded people like you to believe that it represents federal golds or something. But in reality, people don't really agree on the value of your fiat. In fact, people are always looking for an asset where the buying power of their wealth won't deflate as time goes by. Bitcoin is increasing it's value annually while your fiat does the other way around... now ask your self which one is the real ponzi?

One more thing, if you really think that we were being scammed by bitcoins then why the hell would you bother? It's non of your business, anyway... we didn't ask your money nor your opinion. Do your self a favor - save your fiat and come back here on 2020 and let's discuss who between us had been ponzied.

Actually you are right , btc is a ponzi, but the thing that you are missing is all the economy based on the Ponzi scheme. Look at the Marxist theory or Keynesian theory, they says in every new producement capital owners will take a share from that, and at some point workers will be payed too little salary that they will not can live with that salary. To prevent unemployment or starving government should intervene economy or should be a revolution. That is all economy is a zero total sum game.
Eventually you are right it’s a ponzi and based on speculation but the important point is all economy is a ponzi , if governments accept bitcoin it will be a normal and “healthy” term

After satoshi nakamoto every one start to use btc was a newcomer. When I start to buy and sell my first btc I remember all people with same complaints: "price to high" "ponzi scheme" etc... some years has passed and these post seems just a blame against the missing opportunity

Try to talk in a polite way. They are not stupid. If you see in a long period view every one could gain from bitcoin.
Or if you haven't an economical earn, you have played with a nerd hobby. This is not for all of us

Japan made the same for btc. Stores doesn't accept directly btc in your country?
You can exchange btc easily with a card/ exchange / people?
Yes superpower is an issue because each tx consume a lot of energy. But not all bad points are heavier to address, I think this is also a point for the future.
Even, superpower is not casually. People are not crazy to spend lot of dollars each month only for a hype software.

This is one of the hardest question to reply, because bitcoin is the first-one of its type.
Humanity have ever seen something like this? This could justify by itself the price? Only speculation? Only potential evaluation?

There is a regulation inside bitcoin, the software by itself. But I think you are a little bit confusing.
This an economy without any issuer, any central governance. This doesn't mean totally anarchy but just not one could made the decision that can impact in other people life. No one could froze, lock your coins. No one could decide a fixed price. No one could force you to spend your money.
You have a sense of freedom that we haven't see before. If you call it as "faith-based" economy I can agree with you.
After Cyprus crisis btc price has get a upper trend. People have more faith in btc and not fiat currency.

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.

the number of idiots among us is increasing day by day, with topics like this from someone who either don't even understand what a Ponzi scheme is or he understands it but he thinks if he calls bitcoin Ponzi he can stir up some shit with it. in both cases starter is a big idiot by definition.

now the question is, should we be worried about this situation (increase of idiots among us) or should we be happy about it?
these idiots can be a good source of income. when they panic sell their bitcoins and then buy it back from us at a higher price before they panic sell it again to us under the price they have bought it!

May 16th, 2011.
The question is, why did you state bitcoin is a Ponzi scheme?
A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game) 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.
https://en.m.wikipedia.org/wiki/Ponzi_scheme

Do you have bitcoin?
Do you hate bitcoin?
Or you just want to influence people not to buy bitcoin?

Bitcoin gain value due to investors put their money into this environment, bitcoin worth $9000 because people believe it has.
Although bitcoin price fluctuate, there is no loss if people invest in bitcoin, simply because bitcoin value keep growing over time. And there is no end in this technology, bitcoin really have usability which current monetary system doesn't.

It looks like the PO has been FUDing bitcoin since 2013. I am surprised why he still hangs around here. I wouldnt waste another breath on him. He is not here to learn, he is here to hate.

A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. Ponzi scheme organizers promise to invest your money and generate high returns with little or no risk. And the organisers never pay back the money. Bitcoin is no where a ponzi scheme, its a currency or an investment.  Bitcoin is asking neither money nor promise to pay any percentage of returns. It has its own security system so impossible to break and steal coins from there. Investors have all right when to invest and when to withdraw.

Trolling skill level: amateur

Aw, better luck next time mate. 

Surely we might know the benefits in bitcoins but there are several peoples who are yet unaware in the cryptos world and gradually they think that bitcoins will just rip off their money and give them nothing. We have to change this thinking about bitcoins. There is nothing as much profitable as bitcoins for now, also the price is increasing rapidly day-by-day. Bitcoins will soon reach a good height in future making many of us rich.

Ayy lmao. Would you also be saying the same things for a completely digital USD or would that still be something that exists more than only a token in a virtual space?

Welcome to the free market, where people are allowed to choose what has value, contribute to the economy and market in whatever way that they want to, and if they want to use something which only requires electricity and computer chips they're free to do so. They can spend it however and give it whatever value they want to.

And I believe you haven't been thinking about the multitude of reputable brands that do accept Bitcoin on top of other payment systems as well, but someone registered in 2011 should know that.

Are you supportive of a nanny state?

And the trolls come out.

A ponzi scheme? Do not exist, when they don't understand the currency, a lot of people would say that this is a ponzi scheme, however, it is a very stupid, they don't know what is the block chain, what is the currency.