Topic: Is Bitcoin a Ponzi scheme? - page 25. (Read 1849 times)
I can see why some people think it is a Ponzi scheme. Because it doesn't pay interest like shares. It can only rise if people pay money in. And nobody can take more money out than they put in unless it's other people's money. So everybody's profit in someone else's loss. Or else it wouldn't work. Not everyone can profit. Although some people think everybody can profit. Well they can't.
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?
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