Topic: ♨♨♨ Is Bitcoin A Giant Ponzi Scheme?♨♨♨ - page 6. (Read 1882 times)

Ok...if you say so     Notice how the well-crafted Ponzi attracts the lesser intelligent among us that fight for it with a fervor greater than religion.

You're right about one thing...they do hate it and will eventually control it...or a future form of it. 

You obviously weren't around in the beginning.  It was intended to be a currency...not a store of wealth.  No one on the early dev team talked like people do today.

Just because you didn't hear from me doesn't mean I wasn't following it.  I only showed up when I saw it morph into the bastardization of its original intended purpose and there was a reason for me to say something now that the only thing that drives it is greed and stupidity...that you clearly have no personal moral issue against following and shilling.

Most people that will admit that BTC is a form of Ponzi scheme are NOT new to it.  In fact some that I know studied the code and are thinking of doing their own version someday.  This "you must be new" argument is not only silly but it's backwards.  With time/age comes wisdom.  With youth comes naiveté.

You're a lot dumber than I even thought you guys are.

This is pure strategie from govs and banksters. They hate the fact they cannot get this under their control and earn money from it.
The value in bitcoin is in the fact that it is and remains a store of value and cannot be taxed. A lot of richer people that bought in did it for this reason. The top 1% will not trade to fiat anytime soon because they know they will get taxed. They will wait untill companies and so fort will start to trade in bitcoin. After that the only thing the govs can do is try to forbid to use it as a currency, but the store of value will remain.

BTW : the fact we didn't hear you guys when it was going up and up, explains it all to well. You're just capitalizing on a small downward correction in the hope that more will follow and you can get bitcoin as low as possible.
Only the stupid will follow.

I've read the white paper.  I've listened to countless hours of the original developers explain it years ago.

LOL - the top 10 or top 1% aren't going to sell?  Wow you are greedy SOB aren't you?  LOL  Jack Ma recently said something to the effect that anyone with more than $10 million is asking for trouble and problems to plague them for life.  Don't make the mistake of thinking that everyone shares such an extreme level of greed.

Working for gov or banks?  That's funny since they won't warn you on such a personal level.  I wish I got something for killing time.

I guess you are fairly new to bitcoin and you find bitcoin as a ponzi scheme, ponzi tends to scam people its investor promising large profit when you invest.
Bitcoin is not owned by a company nor a person, yes it will give you large profit when you invest, the only way you lose money is that if you are not a good trader.

Am just sick and tired of hearing this question, people think that how in legal ways, you can make such profit in such a short time period, well its not an investment plan. It will be a currency which we will use for regular use in the future.

That's the genius of the biggest Ponzi scenarios....they are completely voluntary.  The problem with what you are saying is that you are trying to pick ONE of probably thousands of possible permutations or variations of the Ponzi and cast it in stone as the be all and end all of how the rest work.  I've seen plenty of Ponzi schemes in my lifetime that don't really require an initial investment since their friends have already suggested an amount needed to get a good return.  Common sense dictates that the more one invests the greater their potential return.  The "minimum" sells itself.  I've also seen schemes that pay out based on a formula of new participants and other factors that they can modify at will.  Most of the time if someone is making 2-3% on their money on average per month they tend to not question it.  As far as promoters trying to minimize withdrawals...this is where greed takes over and HODL becomes the norm.  Few, if any cash out more than their minimum unless there is an emergency...and most smart Ponzi operators have large special reserves for that...in the extremely rare case that they need them.  The smart option would be just to limit the numbers of new participants to make them want to pour even more money in when it's finally their turn.

You're just an a$$hole trying to talk it down.

You should read up on bitcoin and why and how it came into existance before uttering such crap.

The top 10 or even top 1% of people that hold bitcoin aren't going to sell. So even if you get some correction, this is never going to be long term. And all the smart ones here only invested money they can afford to loose.

BTW : are you a member of the govs or banksters ?

Every minute somebody on this forum ppl are posting story's about how they're getting RICH on trading BTC, tokens, and shit-coins.

BTC is NOT a PONZI, its more like SOUTH-SEA-BUBBLE, which was a stock, that went ASTRO for years and EVERYBODY got on board, and eventually everybody went BUST.

Typically, Ponzi schemes require an initial investment and promise well-above-average returns. {Nobody is giving any

guarantee of any above average returns}  Promoters of Ponzi schemes will pay high returns to attract new investors and

entice current investors to invest more money. {There is no promoters in Bitcoin, paying anyone high returns} Promoters also

try to minimize withdrawals by offering new plans to investors where money cannot be withdrawn for a certain period of time

in exchange for higher returns. {In Bitcoin you can withdraw whenever you like}  

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Well there are thousands  SHILLS here making innocent IDIOTS buy into this shit,

There is ton's of people daily here talking about bounty's and getting 300 friends on board the good ship ponzi-coin

GOV is just sitting and waiting for this thing to IMPLODE and then step in to make ppl right again

A little SELF POLICING and Reality Check would be a good thing.

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Yes, as a Libertarian you do have the right to sever your own penis, but sadly the idiot with the knife tends to want society to make him good again,

There is no caveat, like "Warning Things don't go UP forever"

The manta is BITCOIN to the moon, become a millionaire in a year, never work again, ... blah-blah

All the shills will be held responsible, including the likes of this forum and its owners; Study history

When the TULIP finally did collapse ppl went to jail and were hung, randomly by gov to make good for the hurt.

...

Historically 'south sea bubble' is closer to BTC its a stock in offshore colonizing the new world and its stock like BTC went ASTRO for years, and anybody that questioned it was a pariah, just like now with BTC.

BTC the code is as solid as a rock.

Just like "PONZI", nobody blamed the 'stamp', they blamed the MAN.

The problem with BTC is that there is no face for ZOG to portray is the 'bogey-man'

BITCOIN is just code, and its really cool, just like torrent, and it work peer2peer

Problem is all the assholes who have turned it into a money tree.

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IDIOTS will get hurt when this CHAIN-LETTER implodes, and then comes NEW GOV Regulation, which we don't want.

In the short time U idiots keep counting your faux wealth, but the end game here will be to REGULATE the INTERNET and all software crypto.

"The US Dollar, the US Gov are all Ponzi schemes" - Bernie Madoff ( king of ponzis of our time )

Hell yes, thus nothing wrong with the BTC ponzi, other than uncle sam isn't running the show, but that's why CME-GS is now going to take ownership of BTC.

Funny Madoff went to jail for robbing brother zionists, but normally none of the ponzi bankers in USA ever go to jail

Well once PPL are hurt, and they will be U can be certain ppl will go to jail over Bitcoin,

Nothing will be worse than the whining and crying of millions of millenials who lost all their money

They used to be super common, but I'm sure the US Postal Service was forced to classify them as a fraud, and that would make using the post a felony.

PPL used to use the 'post' now they use the INTERNET

Perhaps what's needed is US-POSTAL-POLICE, or a US-INTERNET POLICE Force is keep people safe from fraud on the internet ??

Of course it is...if you look at some of my old posts I go into great detail if you want something to focus on when taking a dump.  That said, people on this forum refuse to accept the fact that lots of people around the world make decent incomes (on a 3rd world scale) investing in Ponzi schemes.  They just know to get out as early as possible.  Ponzi scheme operators know that the longer a Ponzi goes and the bigger it becomes, the more money that they will make...so many go for months or years and can be spread across continents as friends convince their friends to join.  If there aren't at least a few people cashing out and bragging about their profits to others the scheme would come to an end.  Instead, someone that cashed out with a few thousand $ profit now is a walking advertisement to recruit 10-15 more people who put in probably double what was taken out.  Again, this can go on for years and can grow in complexity.  The person or persons that originated the Ponzi could have themselves cashed out, died, etc and passed the "keys" onto a new group that only knows to keep the thing going.  Sound familiar?

Social security programs and pension funds are some of the largest Ponzi systems going that dwarf all of the others.  In order to legitimize their Ponzi schemes, governments do everything in their power to crack down on anything that they cannot control, sooner or later.

The above definition is amazingly simple but due to the lack of English on this forum this thread will be full of angry shitposters that either cannot read, understand, or otherwise accept reality.

In the true spirit of Libertarianism, I don't see a Ponzi scheme as anything more than gambling....especially if there is no central authority (like a Madoff or Government) lying to get people to invest or forcing them with violence or prison if they do not participate.  That said, I'll give way to the shitposting vermin and their temper tantrums....

In order for a Ponzi scheme to work, you have to accumulate more and more users who are referred into the system by existing users, because the value of the entire scheme is based on the number of members in the system. Bitcoin has a certain demand and supply mechanism as well, since it's a financial instrument, but the success of cryptocurrencies is not necessarily based on the number of people in the system.

I have been hearing a lot of people asking this very same question. To be honest with you, I am worried right now. The prices are increasing at a too rapid pace.

Bitcoin can not be attributed to the Ponzi scheme, because it does not conform to such a scheme and is not a fraud. Bitcoin is to some extent a financial bubble, but not a Ponzi scheme. Some properties of the bubble bubble have due to the fact that, being unsecured, it grows in price by increasing demand for it, and demand is growing, because its price is growing and people are investing in it, hoping to profit from its growth in value.

I read that chain-letters are illegal in the United States

BITCOIN is more of a 'chain-letter', google that term,

PONZI sold stamps, which were tangible, ponzi ( the man ) told ppl to HODL their stamps and they would get 100% ROI per month, ... so that element is very similar

A chain-letter, or block-chain, is where you get you friend to join, and they get friends, and then the BTC goes from 10,000 BTC's for a pizza, to one btc for $10k USD

But PONZI was just one guy, today with BTC you have 100's if not 1,000's of criminals running exchanges and websites all scamming people, thus BTC is a chain-letter on steroids

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These things never end well, but the block-chain is here to stay