I just imagine that bitcoin is a new nation's currency. Is the indonesia rupiah a ponzi scheme because it's been dropping in value for 4 years (
https://www.google.com.gt/search?q=indonesian+rupiah#q=1 IDR to USD)? Or are there a bunch of complicated economic factors that have harmed this currency over time? I've said it before, and I'll say it again. Bitcoin is already "stronger" than many government-backed coins. All it needs is a little stability and it'll be comparable to the old monetary systems. For now, we have to see bitcoin stumble and get up several times as it finds it's way in the world. How unstable was trade back in the 1500s?
A chicken (and maybe some grains) may have been worth a pig, but five pigs can get you a cow, and a cow might get you ten chickens. So much is a cow
really worth!?
Obviously, cows are a ponzi, because their trade value varies over time due to traders having different needs, trading their cows for different goods.
PS: Money doesnt create any value ether. Imagine that argument being used when the first dollars were being printed "As an investment, I believe that it is fairly well illustrated by that gold-making circle on my newspaper. The paper money system does not create any real wealth (food, homes, cars, boat rides, haircuts...) Unlike [insert time-appropriate equivalent... maybe "hard work"?], any proft that one can make from 'paper money', wether[sic] by short-term trading or long-term 'hodling', will be someone else's loss." I repeat, Jorge is only here to FUD in a pseudo-intellectual manner, pretending t know exactly how bitcoins work, and how the system is just another ponzi scheme.
PSS: I'm still waiting for proof on your claims about the bitcoin clone that would double the bitcoins in existence. So far, only claims with no evidence to stand on.
