Topic: Is Bitcoin a Ponzi scheme? - page 10. (Read 1849 times)
I think that's wrong thinking, because as a member in this forum as long as I join there is no fonzy system, according to my experience join in MLM every member recruits we issue deposit money then make pyramid system ,, but in world crypto we do not issue deposit, enough work here and generate bitcoin
I too believed Bitcoin to be a ponzi scheme a few years ago 
. However, after getting more informed on it, i do not hold this view. The main reason for such belief is that the negative news related to any incident gains more attention than the positive news.
. However, after getting more informed on it, i do not hold this view. The main reason for such belief is that the negative news related to any incident gains more attention than the positive news. I had arguments with my friends who are always tagging bitcoin with negativity. Today, we argued and I educated them on bitcoin and Ponzi scheme. To me Ponzi scheme is when developers takes money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin is not like that. Do you think I am right?
Ponzi scheme tend to not sustainable in long time, unlike bitcoin. Bitcoin almost 10 years existing in the world.
maybe your friend need to know the advantage of bitcoin from other currency. and you are right, bitcoin is not like the ponzi scheme that will
vanish when they raise much funds and doesnt have a new comer anymore..
Pairing Bitcoin with a Ponzi is really an untrained interpretation. Particularly, using blockchain technology in the same sentence as Ponzi is insulting a technological development that has so much infrastructure.
I agree with you because there is no way Bitcoin can be like Ponzi Scheme. Bitcoin provides daily news about its pricing for selling and buying exchange. It also provides real time proof for every transactions for both parties involved worldwide and holds transparency.
bitcoin can not be equated with Ponzi at least, because it is so different, ponzi is seen if it is a fraud system, and bitcoin is digital currency and nice bitcoin in trade and investment.
I had arguments with my friends who are always tagging bitcoin with negativity. Today, we argued and I educated them on bitcoin and Ponzi scheme. To me Ponzi scheme is when developers takes money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin is not like that. Do you think I am right?
Bitcoin is very far and very high from the level of ponzi schemes. Ponzi schemes are just illusion of money circling. Bitcoin is much more greater and more has a logical system that follows. Bitcoin already has established value long before it became popular in the market. Bitcoin is an innovation that really helps and improves the monetary system.
I had arguments with my friends who are always tagging bitcoin with negativity. Today, we argued and I educated them on bitcoin and Ponzi scheme. To me Ponzi scheme is when developers takes money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin is not like that. Do you think I am right?
Bitcoin is very far and very high from the level of ponzi schemes. Ponzi schemes are just illusion of money circling. Bitcoin is much more greater and more has a logical system that follows. Bitcoin already has established value long before it became popular in the market. Bitcoin is an innovation that really helps and improves the monetary system.
Bitcoin is actually the opposite of Ponzi scheme as its creator even after having such a large hodling of coins hasn't touched it, otherwise he could have sold just a small portion of it and made millions of dollars. Also ponzi schemes don't last this long and you don't have institutional investors investing in it.
I had arguments with my friends who are always tagging bitcoin with negativity. Today, we argued and I educated them on bitcoin and Ponzi scheme. To me Ponzi scheme is when developers takes money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin is not like that. Do you think I am right?
Bitcoin is very far and very high from the level of ponzi schemes. Ponzi schemes are just illusion of money circling. Bitcoin is much more greater and more has a logical system that follows. Bitcoin already has established value long before it became popular in the market. Bitcoin is an innovation that really helps and improves the monetary system.
bitcoin is not a ponzy scheme its a cryptocurrency which can be said to be a digital curency or better still we will say is a 21st century currency.
Not really, bitcoin market is depend only one supply and demand like the stock market. Just because there is some Ponzi scheme which accepting bitcoin payments we can't say bitcoin is a Ponzi scheme too.
some people think that bitcoin is a ponzi scheme because they buy it from those who bought it cheaper, but it is not, the price is dictated by the market
Bitcoin is not a Ponzi scheme. Contrary to the Ponzi model, Bitcoin does not have a managed entity, no specific promise for profit, and users can start with a small Bitcoin without the minimum investment package. .
The Bitcoin network is not a Ponzi scheme; however, it should be made clear that the subject can exploit Bitcoin for their own phishing patterns.
The Bitcoin network is not a Ponzi scheme; however, it should be made clear that the subject can exploit Bitcoin for their own phishing patterns.
I had arguments with my friends who are always tagging bitcoin with negativity. Today, we argued and I educated them on bitcoin and Ponzi scheme. To me Ponzi scheme is when developers takes money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin is not like that. Do you think I am right?
Bitcoin is compared to a ponzi scheme because of the way other people advertise it. They are telling people that bitcoin can double their money in just few months though its true, its just absolutely ridiculous to convince someone with that kind of advertisement. They just making that person be in desperation for sometime.
There are two or three things I would do in this circumstance, right off the bat, I would remind your companion that a "Ponzi Scheme" was really done with fiat cash, not digital money. Besides - a few people are simply unmindful, on the off chance that they are not going to get it, its OK. similar individuals likely have those heartbeat dial phones at home and cant make sense of why no one calls them any longer. There are a lot of receptive individuals on the planet, at times you need to release a couple of the naysayers.
I had arguments with my friends who are always tagging bitcoin with negativity. Today, we argued and I educated them on bitcoin and Ponzi scheme. To me Ponzi scheme is when developers takes money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin is not like that. Do you think I am right?
Bitcoins are essentially a commodity with a fixed rate of issuance. It is not a ponzi because after you've acquired bitcoins, there is no promise extended that you can redeem them for any value and there are no dividends paid to those who hold bitcoins. Bitcoins are traded, so the exchange rate can rise or fall, so there are those who will buy or sell bitcoins to speculate on the price
I had arguments with my friends who are always tagging bitcoin with negativity. Today, we argued and I educated them on bitcoin and Ponzi scheme. To me Ponzi scheme is when developers takes money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin is not like that. Do you think I am right?
yes I agree with what you say, ponzi like multi-level management that ultimately the developers only promise big profits and konsisnten every day to attract the participants but after many who joined the developer just leave. While bitcoins are not like ponzi, our bitcoin can control its own benefits independently of others
Bitcoin is not any kind of scheme at all. The people who have no idea of bitcoins they can say whatever they want.
A ponzi scheme always promises to have a good return on any investment. But bitcoin never promises anything to it's buyers. The quantity of Bitcoin is limited and in last few years it continues to gain it's popularity so the price keeps on increasing.
In any kind of scheme (legit or ponzi) there is a governing body who collects all the funds from the investor and use the total fund. But in bitcoin there is no governing body who is collecting the fund. you are owner of your own poperty.
A ponzi scheme always promises to have a good return on any investment. But bitcoin never promises anything to it's buyers. The quantity of Bitcoin is limited and in last few years it continues to gain it's popularity so the price keeps on increasing.
In any kind of scheme (legit or ponzi) there is a governing body who collects all the funds from the investor and use the total fund. But in bitcoin there is no governing body who is collecting the fund. you are owner of your own poperty.
The Ponzi scheme is characterized by latecomers' investments as the first-to-last benefits.
Bitcoin, like gold and diamonds, is digital gold!
Bitcoin, like gold and diamonds, is digital gold!
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