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 not a ponzi scheme, Bitcoin represents a completely level and fair playing field because the economics of adoption and growth cannot be controlled by anyone, Math is eternal, It is certainly a lot more durable and trustworthy than governments, Bitcoin is the future of money, Yet governments needn't fear it Gradually, governments are recognizing that widespread use of cryptocurrency presents a far bigger opportunity than a threat, 
Topic: Is Bitcoin a Ponzi scheme? - page 3. (Read 1849 times)
It's true, because there is no relationship with ponzi and this will not have a very clear equation.
Yeah agree bitcoin and ponzi there is not chain in each other. Bitcoin price is rule with economic supply and demand. But ponzi is just cycling money without getting any profit of it
There is absolutely no connection with the Ponzi. Someone who calls bitcoin Ponzi must have said it before he investigates the technology behind bitcoin. Otherwise, it is absolutely ridiculous that these two concepts have the same meaning.
It's true, because there is no relationship with ponzi and this will not have a very clear equation.
There is absolutely no connection with the Ponzi. Someone who calls bitcoin Ponzi must have said it before he investigates the technology behind bitcoin. Otherwise, it is absolutely ridiculous that these two concepts have the same meaning.
yes you are absolutely right. bitcoin is not a ponzi scheme. you can earn bitcoin by many ways, mining, trading, etc, so how come it called a ponzy scheme?
Bitcoin has nothing to do with the Ponzi scheme. Ponzi's scheme has a completely different mechanism consisting in gaining money from people interested in profit, which is later rewarded. Bitcoin isn't similar to this mechanism. Bitcoin is an independent decentralized and self-sufficient currency that nobody invites us to promising later profit. It depends on us whether we invest or not so the assertion that Bitcoin is a ponzi scheme isn't supported by facts.
To answer your question no bitcoin is not a ponzi scheme, it would be like many of the ICOs these days which are controlled by a company so there is a high chance of fraud since the information is centralized however when it comes to bitcoin no such unanimity exists so no threat of a ponzi.
The Nakamoto scheme is an automated hybrid of the Ponzi scheme and the pyramidal scheme. Bitcoin is the best among online cryptocurrency and good to invest.
It is not a ponzi scheme bitcoin what you invest in bearing in mind that you may make profit or lose as the case may be while because at times the price of the bitcoin goes up and some times it comes down so if you invest when the price is up probably you are making your profit vise-visa that is how it is, it is not a ponzi and can not be.
Ponzi is the borrower's money to repay the other person. The borrower who pledged to pay high interest to the lender can say almost anyone who has fallen into this pattern has been deceived in the same way.
No, Bitcoin isn't a Ponzi plot and isn't a trick simply like what others think. Ponzi conspire is a venture extortion which is by one means or another like Pyramid plot that guarantees a lot of benefit to their financial specialists. Ponzi conspire gathers returns for more established financial specialists by selecting new speculators and they are utilizing those venture cash from new speculators to pay more seasoned speculators. That is the means by which a Ponzi conspire maintain their business, which is particularly extraordinary to Bitcoin, in light of the fact that bitcoin doesn't trick individuals.
No! Bitcoin is just a currency but in the kind of digital form. It is just the difference between fiat that you can phisically touch and liquidate. Basically you could also ask "is fiat a Ponzi scheme?" Of course the answer is also NO. This is just money in different kind.
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?
Early investors are at advantage with bitcoin investment because they took more risks. This does not make bitcoin a ponzi scheme.
I simply don't assume which you are proper, i am absolutely positive which you are thinking about it efficaciously. i've also encountered that situation to numerous of my friends, and this is the same element came about to me. They suppose that the cash this is had to invest may be used as a form of registration. it's far tough to tell them how the system works due to the fact they agree with on what they could realize and not on the actual story and studies. One thing that I did is to apply my bitcoin so send to their pockets and let them purchase some thing the usage of it. however still, a few have refused to enroll in in.
Bitcoin always have negative news and its hurt bitcoin price in several months. I do believe bitcoin is not a ponzi scheme. Bitcoin is cryptocurrency and in the same time bitcoin is store of value. For that reason, i do believe bitcoin is good long term investment
Ponzi scheme involves paying incentives to early users to bring more users to the system. There is no such thing with bitcoin and thus it is completely safe and genuine.
It's not ponzi scheme, why people call it ponzi scheme is because its volatile which is bound to the price to be changing often..
There are a few things I would do in this circumstance, right off the bat, I would remind your companion that a "Ponzi Scheme" was really completed with fiat money, not digital currency. Besides - a few people are simply insensible, on the off chance that they are not going to get it, its OK. similar individuals presumably 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, in some cases you need to release a couple of the naysayers.
Ponzi scheme never lasting long, but bitcoin is lasting forever i believe.
Cryptocurrency will be sustained long across the years, unlike ponzi scheme, will be crushed.
Cryptocurrency will be sustained long across the years, unlike ponzi scheme, will be crushed.
Blockchain technology has been associated with Crypto, of which Bitcoin was a representative right after it was born. No, it is not a Ponzi scheme. There isn't a reward system like ponzi when you buy bitcoin
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