Hello,
Speaking about pyramidal scheme is just a proof that they don't know what they are talking about. It is true that there is a dark side of BTC because of it's use for bad things on the darknet, drugs, weapons and also lots of scams and this kind of bad stuffs.
But it is just a small part of the real use of BTC and its interest with the power of the blockchain and the availibility for everybody with internet.
I think a lot of governments just ignore the real interest of crypto and just want to blindly protect their citizens by forbiden instead of understand and help to securize.
Topic: Kryptowalut and Bitcoin is a financial pyramid? (Read 324 times)
Everybody wants bitcoin to grow up and not even stop at one place, but it does not happen so that bitcoin has its popularity, he needs both huge growth and a quick fall.
I come from Poland. Today on television I saw an advertisement in which they said that kryptowalut and Bitcoin is a financial pyramid. They said that in a moment the bubble would break and investors would be left without capital. It was a advertisement financed by the government and the police. Why is this happening? It is quite depressing.
On the other hand, Bitcoin ATMs appeared in hypermarkets. Strange true?
I think that's just rumors. Bitcoin bubble has been broken since May 2018. We are in a loss stage and we need to calm down at this point. If we do not keep our beliefs and are constantly shaken by such rumors, it will be easy to lose big profits from our portfolio. On the other hand, Bitcoin ATMs appeared in hypermarkets. Strange true?
this is a trap, please be careful with this news,
they influence people to quickly sell bitcoin and if people all sell bitcoin in large quantities, it may make bitcoin prices down,
they influence people to quickly sell bitcoin and if people all sell bitcoin in large quantities, it may make bitcoin prices down,
I come from Poland. Today on television I saw an advertisement in which they said that kryptowalut and Bitcoin is a financial pyramid. They said that in a moment the bubble would break and investors would be left without capital. It was a advertisement financed by the government and the police. Why is this happening? It is quite depressing.
On the other hand, Bitcoin ATMs appeared in hypermarkets. Strange true?
The Polish authorities are coming up with propaganda videos to warn the users on how you will end up in a loss if you invest in this market for a very long time and it is nothing new and so is the reason many companies have moved away from that country and then they wanted to tax every transaction which is absurd and odd, there is nothing to be depressed if you have faith in the technology, let the haters who does not understand innovation and new financial systems waste their time spreading false information. On the other hand, Bitcoin ATMs appeared in hypermarkets. Strange true?
I come from Poland. Today on television I saw an advertisement in which they said that kryptowalut and Bitcoin is a financial pyramid. They said that in a moment the bubble would break and investors would be left without capital. It was a advertisement financed by the government and the police. Why is this happening? It is quite depressing.
On the other hand, Bitcoin ATMs appeared in hypermarkets. Strange true?
On the other hand, Bitcoin ATMs appeared in hypermarkets. Strange true?
Banks payed government for fake news.Nothing new
What a nonsense! bitcoin is the new digital currency!
I think there are a lot of people who would think that bitcoin is a pyramid, but I do not believe in it all, and I'm sure that bitcoin is the money of the future.
I suggest you to read about news regarding Poland Government paying popular Youtubers to speak only negatively about cryptocurrency. It's called propaganda I believe. Bitcoin cannot be pyramid scheme, since there is no person who managing it. Also pyramid price only goes up and collapse. We haven't seen that, right?
i think it's look like financial pyramid we need to understand the crypto currency in our country before banned it in our country many government are banning it because it has no taxes and the bank will not have a costumer because of crypto currency we can widraw it in our own hand and it look like a bank. the profit of there company will lose because of bitcoin. they need to accept the reality right now many people using bitcoin.
Your government just wants to discourage the citizens from growing interests in Bitcoin. They are not open enough to accept new things. Mistaking Bitcoin for a financial pyramid is such a big misconception. I don't see any thing that the two have in common. Profits or losses in Bitcoin depends on your investing strategy.
The con artists of Pyramid system lure you to invest with astronomical interset rate and after that run off with your money. This system is a financial fraud and can collapse anytime. In contrast, Bitcoin has no one to pull the strings and doesn't make you any promise. It's sustainable and investors earning by buying low and selling high, like normal asset. Bitcoin has dipped, yes, but it's because it was inflated, not because it has no value!
Absolutely not. The coin market is riddled with scammers who take advantages of Bitcoin fame to attract others to put money into their pyramid system. That causes bad reputation for Bitcoin while in fact it is actually harmless. Don't mistake Bitcoin for a ponzi scheme anymore!
No, absolutely not. Pyramid scheme is inherently deceptive while Bitcoin is transparent and nothing deceitful. People leading pyramid scheme lie to investors and encourage them to invite their relatives with the promise "above-average income". A lot of naive students and unaware people are decieved and have no alternative but to put money into the scheme. At the same time, Bitcoin investing is absolutely volunteer. The profit-earning machanism is nothing different from that of the stock markets.
I come from Poland. Today on television I saw an advertisement in which they said that kryptowalut and Bitcoin is a financial pyramid. They said that in a moment the bubble would break and investors would be left without capital. It was a advertisement financed by the government and the police. Why is this happening? It is quite depressing.
On the other hand, Bitcoin ATMs appeared in hypermarkets. Strange true?
I'm having time to understand what is a kryptowalut but I figured it out kryptowalut = crypto wallet.On the other hand, Bitcoin ATMs appeared in hypermarkets. Strange true?
Don't be depressed, if your government doesn't like bitcoin that way then why they are making such statements on national television and why not just implement a nationwide ban, that's even weirder.
That's the popular call for bitcoin as a pyramid / ponzi but have they considered and look out to the fiat money? they misunderstood it because of the scammers that are using bitcoin to their scam schemes.
This advertising has been going on the Internet for a very long time, don't worry yet)
Never said BTC was ponzi, I said Kairos was. BTC is different monetary scheme, with strong elements of pyramid. There are several ways to prove BTC is a fraud, the simplest to understand is the mining part.
Critically important: mining is the backbone of BTC product right? Miners do validating and keeping history of transactions right? They get a chance to be awarded with coin in return, right? But release rate of coins is diminishing in exponential rate. That could be possible, et number of transactions dropped in such a pace too, but that is not the case. If BTC was healthy product, the need for calculations would rise over period of time, not shrink!!
Critically important: mining is the backbone of BTC product right? Miners do validating and keeping history of transactions right? They get a chance to be awarded with coin in return, right? But release rate of coins is diminishing in exponential rate. That could be possible, et number of transactions dropped in such a pace too, but that is not the case. If BTC was healthy product, the need for calculations would rise over period of time, not shrink!!
The number of released coins is diminishing due to a number of reasons. One of them are halvings that reduce block rewards. There's also increasing difficulty due to more powerful miners being released. POW has its downsides, no system is perfect, but I can't see any signs of a ponzi scheme in the way BTC is being mined. I'ts actually pretty healthy when you realize that it's able to regulate itself by adjusting the difficulty based on hash power.
Quote
Now, absence of real product is a clear sign or scheme.
Absence of a product? Really? Then what are you buying when you're paying your internet bill? The company that you're paying doesn't produce anything, unlike a power company that produces electricity and maintains the network. Telephone cables don't get hit by lightnings and storms and you don't need power meters, breaker boxes and transformers everywhere. You're buying the permission to use the global network. If this isn't a real product, then bitcoin aso isn't, but both have value and people are willing to pay for both. Does that make internet companies scams? Does that make a domain you pay for a part of a scheme? Let's be real, this is 21st century, you don't have to hold something in your hand to know that it exists and has value. 
I come from Poland. Today on television I saw an advertisement in which they said that kryptowalut and Bitcoin is a financial pyramid. They said that in a moment the bubble would break and investors would be left without capital. It was a advertisement financed by the government and the police. Why is this happening? It is quite depressing.
On the other hand, Bitcoin ATMs appeared in hypermarkets. Strange true?
Do you honestly still believe in advertisements? Look, no matter what media says, you gotta do your own due diligence before believing in anything. And people are still speculating whether or not bitcoin is a buuble, they are even speculating if the world is flat or not. So you'll never get one proper answer, because all you will get is opinions. Bitcoin is not a financial pyramid, I can tell you that. This is what financial pyramid means: On the other hand, Bitcoin ATMs appeared in hypermarkets. Strange true?
Quote from: https://en.wikipedia.org/wiki/Pyramid_scheme
A pyramid scheme (commonly known as pyramid scams) is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal.
There are ATMs in Poland and not in more famous countries? I am so mad now.
I come from Poland. Today on television I saw an advertisement in which they said that kryptowalut and Bitcoin is a financial pyramid. They said that in a moment the bubble would break and investors would be left without capital. It was a advertisement financed by the government and the police. Why is this happening? It is quite depressing.
On the other hand, Bitcoin ATMs appeared in hypermarkets. Strange true?
Do you honestly still believe in advertisements? Look, no matter what media says, you gotta do your own due diligence before believing in anything. And people are still speculating whether or not bitcoin is a buuble, they are even speculating if the world is flat or not. So you'll never get one proper answer, because all you will get is opinions. Bitcoin is not a financial pyramid, I can tell you that. This is what financial pyramid means: On the other hand, Bitcoin ATMs appeared in hypermarkets. Strange true?
Quote from: https://en.wikipedia.org/wiki/Pyramid_scheme
A pyramid scheme (commonly known as pyramid scams) is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal.
There are ATMs in Poland and not in more famous countries? I am so mad now.
That means Your government is smarter, than the average. Yes, BTC is a scam, financial scheme. Hardware has nothing to do with BTC being legit or not. Even KairosPlanet had their own "storage boxes", although it was a clear ponzi and pyramid.
Than what has to do with it not being legit? I mean, you clearly are against it, so if the points given by people on this forum don't satisfy you, share what ponzi scheme features does BTC have. I'm curious whether you can prove your point or are just another troll.
OP, your government is well known for being a bunch of manipulating liars. I read how they paid youtubers to spread lies about cryptocurrencies and later imposed a 1% tax on every crypto transaction, which basically made it the worst country in the world when it comes to crypto taxation.
https://www.reddit.com/r/ethereum/comments/7y88xz/polands_central_bank_secretly_paid_youtubers_to/
Never said BTC was ponzi, I said Kairos was. BTC is different monetary scheme, with strong elements of pyramid. There are several ways to prove BTC is a fraud, the simplest to understand is the mining part.
Critically important: mining is the backbone of BTC product right? Miners do validating and keeping history of transactions right? They get a chance to be awarded with coin in return, right? But release rate of coins is diminishing in exponential rate. That could be possible, et number of transactions dropped in such a pace too, but that is not the case. If BTC was healthy product, the need for calculations would rise over period of time, not shrink!! Now, absence of real product is a clear sign or scheme.
If You leave aside speculative exchange rate, then people who invest money into mining, get less and less in return, while first few miners got HUGE benefit from fast release of many coins. https://en.bitcoin.it/wiki/File:Controlled_supply-block_reward_halving.png This is a clear monetary pyramid, just people dont buy in with money directly, but via electricity.
https://en.bitcoin.it/wiki/File:Controlled_supply-supply_over_block_height.png And this clearly shows, how mining, or in other words, validating transactions, get mathematically meaningless in near future.
So You are all speculating on scheme, there is no viable real product behind.
Jump to: