Topic: Is Bitcoin a Ponzi scheme? - page 15. (Read 1849 times)
There are many companies doing ponzi scheme in cryptocurrency/bitcoin. Ponzi scheme is the heart of the scammer. It was not even mind like bitcoin, it was not base on supply and demand value. It was a guaranteed return, therefore people are being entice to join the wagon and earn a lot of money. Sounds familiar, that ponzi and please don't get crazy.
You are very correct. In bitcoin nobody is paying you based on the people that are entering the world of bitcoin. Its like the normal money you work for. The only difference is an online currency. You can be paid for working or doing anything worthwhile in bitcoin in exchange of your paper money.
Your opinion is very true Bitcoin is not a ponzi scheme, Bitcoin is a digital currency that can be traded like any other currency and can be used as a means of transaction to buy goods and necessities, bitcoin has a real value even though sometimes the price goes up and sometimes down. they are determined by market demand.
That is the ideology that bitcoin critics always hold, that bitcoin is a ponzi scheme, without them knowing the blockchain technology and what bitcoin really stand for. Ponzi scheme depend on others money to fulfil their promises ,but bitcoins is different.
Some term it as a pyramid scheme while some others term it as a ponzi scheme.It's just used to misguide people about bitcoin.But it's not true.It's a decentralized currency and so no one could use it in such a way.
Bitcoin does not have a ponzi scheme, although bitcoin has a limited amount, but so far bitcoin has grown and bitcoin has become part of the assets worth investing or holding. So there is no ponzi scheme on bitcoin.
The Ponzi aspect appears when considering the security of bitcoin. The coins were sold under the pretext of an alternative currency. In other words, they will become money in the future. My main argument is that these coins will never become the money of the future.
Yes that is true, to me i think that every person has their own thinking, but to me i think that bitcoin is becoming a legal currency throughout the world and very soon bitcoin will be use as primary currency by the people., So i do not think that bitcoin can be consider as ponzi scheme. Bitcoin is in fact a very important change in the world economy. 
Of course, Bitcoin is not a Ponzi scheme because Bitcoin doesn't offer high profit and it is not a riskless investment. It is a new useful technology. Its price increase because of its low supply.
Cmon guys, till this far BTC ha gone, someone still thinks its a ponzi??, Bitcoin is not a panzi, if it were developers might have backed off when it peeked at 20k and made away with the highest value, BTC is just a god crypto coin, normal and perfect to the crypto nature, prone to the market forces that sees its value rice and fall over time
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.
This doesn't work as a proof. He could be dead or waiting for Bitcoin to reach 100k USD per coin in which case he'd probably be the richest man in the world. Satoshi hasn't touched his coins but it doesn't mean that he never will.
Bitcoin is not a ponzi because of the creator. It's not a ponzi because it hasn't been constructed to give profit to the creator. It was his dream to give people financial freedom and it's coming true.
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?
Your definition of a Ponzi scheme is correct and when we see bitcoin in that light it is obvious that bitcoin does not fit the definition, so your friends are incorrect about their negative opinion of bitcoin, however I suggest to you that you do not bring the topic anymore with your friends if they do not want to adopt bitcoin then that is fine as long as you are doing it you will benefit yourself when bitcoin goes up in value and they are going to regret not listening to you.
Obviously, bitcoin is not a ponzi for anyone who understands both bitcoin and ponzi systems. Having said that, there is a slight common denominator which of course does not necessarily hold true all the time in that. At some point, newer adopters would have to pay older adopters of bitcoin in x month or years time which does also happen with ponzi. But the clear difference here is transparency, ponzis more often than not shield details about the investors under a different guise.
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?
Of course you're right. Your friends say this because they know very little about crypto-currencies and do not understand why they are needed. Nothing they do not need to prove, just do your work related to crypto-currencies. of course not bitcoin is a digital currency that only belongs to itself no ponzi element, if you say ponzi seems you are affected by some mining and some investment projects or doubling the bitcoin that most today use ponzi scheme.
Bitcoin is very different from the ponzi scheme. Let's look at the difference:
The Ponzi scheme is an investment fraudulent activity that pays profit to investors from their own money, or money already paid by the previous investor, and not from the profits earned by each individual running the business. While Bitcoin is a software project without central authority. Consequently, no one can cheat with regard to investment profits. Like most major currencies (gold, US $, euro, yen, etc.). There is no warranty on the ability to buy and free exchange rates. This leads to volatility in which bitcoin owners can immeasurably gain or lose money. Bitcoin is also a useful and competitive payment system that is being used by thousands of users and businesses. So what do you think?
No, but some poeple are using it for ponzi scheme, it depends on the poeple who are using bitcoin if they will use it in a bad way.
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?
It might look like a Ponzi scheme to the un-informed but as others have posted, the mechanics work a lot differently. A more realistic comparison might be 'Tulip Mania' that occurred in 1637, although I personally think we've already seen the correction at the beginning of the year, and BTC and other crypto will start to stabilise more and more, with a steady increase in value of the coming years (with the usual rise and fall periods of any asset value).
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?
it is no use to argue with the haters of bitcoin. they will always think like that.
but i think you can show them that you are earning some incomes from bitcoin, so they will believe you.
The Ponzi aspect appears when considering the security of bitcoin. The coins were sold under the pretext of an alternative currency. In other words, they will become money in the future. My main argument is that these coins will never become the money of the future.
The person who sells the Ponzi scheme makes the transfer of large shares of the setting of the money. In other words, he does not make investments. Bitcoin is unique in this sense. The money was pumped from the beginning. Someone owned a large proportion of the original numbers. Then, after telling everyone about it, that person creates demand for all the other numbers. The dollar value of its share of bitcoins is growing along with the value of the rest of the figures.
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?
Here in cyberworld scammers and spammers are rampant which those people can think bitcoin is not exist and to think that it's just a ponzi scheme. Basically, those friends of your need to see what we are doing in order them to believe but somehow even how detailed you explain to them and they are not open minded they will never hear your side. I would say just ignore them and continue what you've started.
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