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?
make some research in google mate "what is bitcoin" ,and don't ask here if its ponzi schemes, etc. Cuase that is the stupid question I've ever seen here in forum. how bitcoin become a ponzi cause it is a decentralized digital currency and its working without administrator.do some research mate don't rely on other opinions. 
Topic: Is Bitcoin a Ponzi scheme? - page 21. (Read 1849 times)
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?
You are right, bitcoin is not a Ponzi scheme, Bitcoin is a brand new thing. Bitcoin, like the Internet, has a whole new set of underlying technologies, operational principles, and top-level applications that have never seen anything similar in history. To make it clear to the general public what bitcoin is, just as it is to the public in the 1980s to make it clear what the Internet is.
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's price is a derivative of its social value. BTC is NOT hinged to anything except this value alone. That's why the algorithm to solve for mining is a frivolously complicated puzzle. The creator (Satoshi Nakamoto) could've had the computers solve for ANYTHING, but realized if he tied it to something of value, it would forever be tied to that "something"Hence the social value only.
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 a currency that no company or government that are controlling, there's no bank on it too. this coin is an independent currency that differs to FIAT, BITCOIN might have a price that like some bubbles but those bubbles are steal made and you don't need to worry about as it depends on peoples demand all around the world. PONZI scheme might be connected to bitcoin but bitcoin don't is now a Ponzi, people jump into some company who promised that they will earn double your money in just a short time without doing anything. bitcoin is just a currency that they are using. THAT'S 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?
The first thing Ponzi's hoax promises to return is that bitcoin is not promised to pay off, and Bitcoin does have some technology and effect, such as anonymous payments, bitcoin is accepted by a large number of people, but also a voluntary principle
Bitcoin is not a ponzi scheme.
The price of bitcoin is determined by supply and demand. Sometimes the price of bitcoin goes up, sometimes it goes down.
I use bitcoin just to make it easy for me to trade.
The price of bitcoin is determined by supply and demand. Sometimes the price of bitcoin goes up, sometimes it goes down.
I use bitcoin just to make it easy for me to trade.
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?
I agree with you. Also in addition to that, ponzi schemes are being controlled by its creator while bitcoin is controlled by no one for it is base on the supply and demand. Let them be if they don't want to believe you. Maybe try asking them about their experience in bitcoin for they may have worst experience that brings them to put bitcoin down. 
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?
An easy way to definite a ponzi scheme is that nowadays ponzi mostly offered a fixed high percentage rate of returns in days / weeks, while in the other bitcoin didnt offer you anything. I dont mean to judge but mostly lending coins are based on ponzi scheme, as we can see recently as an example of bitconnect. Most of these coins prone to failed in a certain amount of time, because their price hike is manipulated depends on whether there are lots of member joined them and buying their coins, while bitcoin price on the other hand rely on the usage of the coins for doing financial transaction. While there are still people using bitcoin, then consider it an 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?
I think your friends only heard bitconnect scam which they are also labeling bitcoin as a ponzi scheme. Your correct on educating them with the difference of the two because they would really argue if they don't have enough knowledge in crypto currency. In addition, ponzi schemes usually offers short-term returns which grabs the attention of the investors. 
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?
This is a big truth that at one side we have big believe that bitcoin is a legimate and having more security than what we have in the banking system in the world , but another side many factors are against the system of the bitcoin and with the help of those factors people are saying it is a Ponzi scheme .Once I tried to explain bitcoin to my friend , then he said me that first of all tell me that who is owner of the bitcoin and who is running where the is the foundation from where it is operating and also how can we believe that the network of bitcoin will remain perfect as is in the present time .
At that time nothing was in my mind to tell him , but I think people needed to work in this field before to say anything and then give any arguments against bitcoin :/
Bitcoin is not a Ponzi-scheme. A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors. But in Bitcoin there is no third party to handle the transaction. Only seller and buyer handled the transaction.
How many times are you all going to ask the same question? This has already been asked, and ANSWERED tons of times in here. If you are posting this, is just because you are a shit poster.
There isn't any bubble yet.
There isn't any bubble yet.
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?
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?
many laymen think that bitcoin is a Ponzi scheme. news and thoughts like this are nothing new. even from the first bitcoin was created, many people have the conclusions of the ponzi scheme. I will not be angry, when my friend asks or greets about bitcoin or other crypto. I think, the level of capability of their knowledge is low for bitcoin. so I always recommend to them, to read the history of bitcoin and to date.
Bitcoin is not a pyramid scheme..
Of course it's not a ponzi you fool! Just because the ponzi scheme project uses Bitcoin as a method payment doesn't mean Bitcoin involves to them.
Bitcoin is not a Ponzi scheme. In bitcoin, people are getting returns not because someone pays for it but it is due to the supply and demand. If they say bitcoin is a Ponzi scheme, then what about the stock exchange that is running legally.
Bitcoin $1 to $20,000 in 10 years and it it not ponzi ??
Bitcoin is not a Ponzi scheme. In bitcoin, people are getting returns not because someone pays for it but it is due to the supply and demand. If they say bitcoin is a Ponzi scheme, then what about the stock exchange that is running legally.
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?
Its a big NO! bitcoin is not a ponzi scheme impact a lot of investor trust this bitcoin as thier assets of investment.those people think that the bitcoin is a ponzi scheme are those who doensn't really knowledge about the important and benifits that they can gain from bitcoin. 
Bitcoin is clearly not a Ponzi scheme. There is no need for the latter to pay for the previous one. In bitcoin, if people do not invest in it, just bitcoin will not grow in price. There is no deceit, fraud. Everything works openly and is accessible.
At the same time, investing in bitcoin assumes certain risks, because, increasing only due to the demand for it, it is inflated in price as a financial bubble and once it can really burst. However, the Ponzi scheme and financial bubble are different concepts.
At the same time, investing in bitcoin assumes certain risks, because, increasing only due to the demand for it, it is inflated in price as a financial bubble and once it can really burst. However, the Ponzi scheme and financial bubble are different concepts.
Of course very different between ponzi scheme with bitcoin. bitcoin is a commodity worthy of stock and other digital assets. bitcoin is designed to be a tool for future transactions even though there are still some countries that prohibit bitcoin for transaction tools. I think bitcoin is still just a tool for commodity investment.
Jump to: