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Topic: Is Bitcoin is a ponzi game - page 3. (Read 2151 times)

legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
April 14, 2015, 09:46:47 AM
#8
Hello everyone!!!
Today I was looking at the price of Bitcoin and I suddenly a question arise in my mind is Bitcoin is like a ponzi scheme first investor will get a definite profit while other will get nothing

Yes it is.  Dump your coins now.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
April 14, 2015, 09:45:25 AM
#7
Thats like asking if gold itself is a ponzi scheme....
Of course not!

Stocks are too  Grin !
legendary
Activity: 2450
Merit: 1002
April 14, 2015, 09:44:28 AM
#6
Thats like asking if gold itself is a ponzi scheme....
Of course not!
hero member
Activity: 1372
Merit: 783
better everyday ♥
April 14, 2015, 09:44:12 AM
#5
Hello everyone!!!
Today I was looking at the price of Bitcoin and I suddenly a question arise in my mind is Bitcoin is like a ponzi scheme first investor will get a definite profit while other will get nothing

WRONG!  Bitcoin is not a Ponzi scheme.

It's the new Tulipmania, Nigerian Prince, or Beanie Babies!   Cool



Beaniecoin, I meant Bitcoin, collect them while they're still hot!





/endsarcasm
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
April 14, 2015, 09:44:08 AM
#4
In a Ponzi Scheme, the founders persuade investors that they’ll profit. Bitcoin does not make such a guarantee. There is no central entity, just individuals building an economy.

A Ponzi scheme is a zero sum game. In a ponzi scheme, early adopters can only profit at the expense of late adopters, and the late adopters always lose. Bitcoin can have a win-win outcome. Earlier adopters profit from the rise in value as Bitcoin becomes better understood and in turn demanded by the public at large. All adopters benefit from the usefulness of a reliable and widely-accepted decentralized peer-to-peer currency.

It is also important to note that Satoshi Nakamoto, creator of bitcoin, has never spent a bitcoin (other than giving them away when they were worthless) which we can verify by checking the blockchain.
hero member
Activity: 672
Merit: 502
April 14, 2015, 09:39:27 AM
#3
How is it like a Ponzi?

In Ponzi the profit of the A depends on the Deposit of B and so on... Bitcoin doesn't comes with any such scheme. It's a currency and like other currencies it has it's ups and downs.

Don't know how you see a Ponzi in it.
legendary
Activity: 2632
Merit: 1094
April 14, 2015, 09:35:09 AM
#2
No. Bitcoin is used by ponzi websites but it is not a ponzi game but just a virtual currency. It's just like forex and stock markets where there is no surety of the price and right now it's $219.
hero member
Activity: 616
Merit: 500
April 14, 2015, 09:31:43 AM
#1
Hello everyone!!!
Today I was looking at the price of Bitcoin and I suddenly a question arise in my mind is Bitcoin is like a ponzi scheme first investor will get a definite profit while other will get nothing
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