Most retirement schemes I know are turning into Ponzi schemes because of changes in demographics.
Worst, retirement plans are sometimes Ponzi schemes that you have to pay for whether you like them or not, because your government says so.
Your neighbour should not worry so much about bitcoin because no one is making any promise or forcing him to use it.
Topic: Neighbor says bitcoin is a ponzi scheme (Read 4148 times)
Christianity is the ultimate Ponzi. Early adopters got to be apostles and hang with J dog. Latecomers have to pay pentance, tithe their asses off and can't cash-out till they die.
ROFL
US treasuries are a Ponzi scheme, since mature treasuries are paid back by issuing new ones all the time
BTC cannot be a Ponzi scheme because the amount of BTC is limited and does not grow exponentially, like US debt does and most other countries debt
Government bonds = mother of all Ponzi schemes
US treasuries are a Ponzi scheme, since mature treasuries are paid back by issuing new ones all the time
BTC cannot be a Ponzi scheme because the amount of BTC is limited and does not grow exponentially, like US debt does and most other countries debt
Government bonds = mother of all Ponzi schemes
What exactly does he mean?
According to him acquiring any asset which later on inflates as people adapt renders it a ponzi scheme.
Real estate bubbles really are a ponzi schemes, yet people keep buying in.
What about gold? Its the same as BTC.
That means gold = ponzi?
That means gold = ponzi?
Yes
What about gold? Its the same as BTC.
That means gold = ponzi?
That means gold = ponzi?
I still don't know what it means. I could use google, but for the sake of conversation, I'll wait for an answer here
really you googled "ponzi scheme" and nothing useful came up. Like maybe wikipedia article explaining the concept of a ponzi scheme in the first post.
Maybe you don't know how to use google. I rarely do this but LMGTFY
http://lmgtfy.com/?q=ponzi+scheme
maybe he is an idiot
I don't think bitcoin is ponzi scheme as the amount is limited. Additionally, the fiat playing does not guartee anything. It Is fair play.
What exactly does he mean?
since he does not know the definition of a [Charles] Ponzi scheme and bitcoin is clearly not one who the hell knowseach and every bitcoin is worth the same at any given time and has no set value, by any definition it is not a [Charles] Ponzi scheme
prices go up as people join and down as people leave this is simple market supply and demand nothing more
third result when i googled "what is a ponzi scheme"
http://www.sec.gov/answers/ponzi.htm
"Dying is easy, it is living that is hard." 
Ive got in this argument with friends and family countless times. Some people just cant see past their own ignorance 
Ignorance is bliss.
Ive got in this argument with friends and family countless times. Some people just cant see past their own ignorance
What exactly does he mean?
He means he calls anything he doesn't understand a ponzi scheme.
Yes that's probably it. Don't invite this person to your 4th of July BBQ unless you want to hear more of their lazily formed opinions.
Please, don't feed the trolls.
Discussing ponzi schemes as related to Bitcoin is interesting enough in itself, so even if the newbie was just trolling there are others that will want to see responses to this. Google returns over 20,000 results when searching for ponzi on bitcointalk.org. Do we really need another thread talking about what has already been discussed 20,000 times? Can't people just go read the previous few thousand conversations?
http://lmgtfy.com/?q=site%3Abitcointalk.org+ponzi
It is interesting enough to have 20,000 results.
Yes, I get it though. Probably pointless to discuss here. 
Please, don't feed the trolls.
Discussing ponzi schemes as related to Bitcoin is interesting enough in itself, so even if the newbie was just trolling there are others that will want to see responses to this. Google returns over 20,000 results when searching for ponzi on bitcointalk.org. Do we really need another thread talking about what has already been discussed 20,000 times? Can't people just go read the previous few thousand conversations?
http://lmgtfy.com/?q=site%3Abitcointalk.org+ponzi
go slap your neighbor
Wow. Some newbie comes in and makes 2 posts saying "What's a ponzi" . . .
Two days and 40 posts later the newbie hasn't been back, and you're all still discussing it?
Please, don't feed the trolls.
Two days and 40 posts later the newbie hasn't been back, and you're all still discussing it?
Please, don't feed the trolls.
Discussing ponzi schemes as related to Bitcoin is interesting enough in itself, so even if the newbie was just trolling there are others that will want to see responses to this. It was one of my first concerns but I was glad to read why there was no way it was a ponzi scheme and it put my fears to rest.
Wow. Some newbie comes in and makes 2 posts saying "What's a ponzi" . . .
Two days and 40 posts later the newbie hasn't been back, and you're all still discussing it?
Please, don't feed the trolls.
Two days and 40 posts later the newbie hasn't been back, and you're all still discussing it?
Please, don't feed the trolls.
pm pirate@40 here on the forum he will explain it for a small btc donation
Actually lol'd at that, thanks
Don't listen to them. They are just grumpy old men. I'll tell you what it is but first I have an investment idea for you. Since you seem new and I like helping out new people I'll give you the exclusive chance to double your money. Send me 5 Bitcoins today and I'll send you back .0001 Bitcoins a day in interest for a year and at the end of a year I'll send you 10 Bitcoins doubling your initial investment. Ok?
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