it is too strong and infinite
Topic: Bitcoin = Ponzi Scheme = You are an uninformed idiot - page 2. (Read 3962 times)
don't try to fight foolishness my friend,
it is too strong and infinite
it is too strong and infinite
I'm tired of seeing "its a Ponzi scheme!", pretty much everywhere. Simply because it seems apparently no one actually knows what a Ponzi scheme actually is.
Here is the deal:
A Ponzi scheme is comprised of two things: A person, entity, or group at the top that convinces people to "invest" in some new opportunity collecting unicorn tears or some such, and idiots that actually give these scammers money without checking into it first, like a smart investor does.
Each "investor" is actually just paying the level of "investors" before them except they have no idea that is where their ROI came from in reality, with the heads at the top receiving a very large sum through an upward chain of money, eventually leaving the people at the bottom of the chain screwed when it goes down.
Bitcoin is fully decentralized
There is no head, no chief, no central server, no central authority, no corporation, no Mr. Bitcoin at the top receiving funds, nothing. Now, you could certainly conduct a Ponzi scheme with Bitcoins, but Bitcoin itself is not one in its own right.
It is a free market economy, granted a very young one, but it gives no one the right to call it a scam when it blatantly is not if one would simply educate themselves about Bitcoin for 5 minutes.
https://www.youtube.com/watch?v=Um63OQz3bjo
That pretty much makes it being a Ponzi scheme impossible if there is no one at the top to collect.
So please, stop it. Your claims are baseless and ill informed. Bitcoin itself is not, nor will ever be, a Ponzi scheme.
And Charles Ponzi died broke and alone.
Here is the deal:
A Ponzi scheme is comprised of two things: A person, entity, or group at the top that convinces people to "invest" in some new opportunity collecting unicorn tears or some such, and idiots that actually give these scammers money without checking into it first, like a smart investor does.
Each "investor" is actually just paying the level of "investors" before them except they have no idea that is where their ROI came from in reality, with the heads at the top receiving a very large sum through an upward chain of money, eventually leaving the people at the bottom of the chain screwed when it goes down.
Bitcoin is fully decentralized
There is no head, no chief, no central server, no central authority, no corporation, no Mr. Bitcoin at the top receiving funds, nothing. Now, you could certainly conduct a Ponzi scheme with Bitcoins, but Bitcoin itself is not one in its own right.
It is a free market economy, granted a very young one, but it gives no one the right to call it a scam when it blatantly is not if one would simply educate themselves about Bitcoin for 5 minutes.
https://www.youtube.com/watch?v=Um63OQz3bjo
That pretty much makes it being a Ponzi scheme impossible if there is no one at the top to collect.
So please, stop it. Your claims are baseless and ill informed. Bitcoin itself is not, nor will ever be, a Ponzi scheme.
And Charles Ponzi died broke and alone.
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