Okay, I'm here to make money, but every morning when I go to my job I ask myself the same question, "Why am I here?" And the answer is the same, "To make money." But, working for monetary compensation isn't a ponzi.
if u have a proper job then u create real value even if u just sell bread to peopleholding and selling bitcoins doesnt create value. it creates money in ur pocket through artificial means by a hyped currency that 0.00000000000^128 of the worlds population use and centralized datacenters mine to make a buck on the rise and fall of this thing for dem own selfish profits AND they know its just a tulipmania
its not all that great as ppl think it is. some weird folks even say world finance should depend on the block chain. now this is not my area of experitse anymore cuz that requires more serious mental help to have such utter shite visions
A ponzi scheme is surrounded in secrecy, lies, and exaggerated promises with no rationale reason for it.
best description of cryptocoin ive heard in a while !
~CfA~
I'll be honest, I kind of have no idea what you said, and I'm not sure that you do either. Still, I'll try to break down this mess in front of me to see if I can make a relevant response,
Bitcoin has value and bitcoins have value, i.e. both the network and the currency units are valuable. The network is valuable because it provides a platform for sending currency units in a way that many users find preferable to traditional payment systems such as credit cards, checks, and wire transfers. The value of Bitcoin as a network or protocol is debatable, but certainly you must acknowledge that many others believe it is valuable or else you wouldn't be seeing investors pumping tens of millions of dollars into infrastructure and Bitcoin start-up businesses. And of course bitcoins, the currency units, obviously have value as reflected by the day's market trading and information pulled from the order books.
So, you're right, buying and selling bitcoins doesn't create value. But, buying bitcoins is akin to investing in the Bitcoin network platform. As that platform grows, it and the currency units become more valuable, and so I am rewarded with profit for investing into a platform that others find valuable.
Paper money is generated with a printing press, so I'm not really sure where you're going with the whole "it creates money in ur pocket through artificial means by a hyped currency" tangent.
Yes, a small % of the population uses BTC, but not only is your statistic unbelievably off-base, but the number of people that use BTC says nothing about whether it's a ponzi scheme.
How do large mining operations in any way suggest bitcoin is a ponzi scheme? Hint: they don't.
I actually agree that Bitcoin is technically inferior to some other coins. That doesn't really bother me right now , though. Bitcoin is 'good enough' so to speak, and I find that it's very useful and that I prefer it for many types of transactions.
