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Topic: Wikipedia: "Some criticize Bitcoin for being a Ponzi scheme..." - page 2. (Read 8596 times)

legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
I tried to make an edit to the talk page suggesting a change in wording that wouldn't attempt to remove the Ponzi scheme accusation but to clarify the text so that it didn't directly imply that Bitcoin *is* a Ponzi scheme.

But the page is locked so I needed to create an account

Which is a big pain in the butt. It took about 10 times to create an account since not only are duplicate IDs (hard to avoid) disallowed but also "too similar" user IDs.

Then new users don't get to make changes to locked pages unless they appeal (kinda like the newbie whitelist here)

So I appealed.

And I got denied and told to put my requested change on some page which didn't exist.

So I did.

I got blown off and told that I "wouldn't be a newbie long".

So I gave up.

legendary
Activity: 3878
Merit: 1193
I think that he has a good IQ, but he is NOT honest, that it's worse.

SudoGhost is simply a coward. He hides behind the "reliable sources" and refuses to allow any intelligent discussion take place.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
I don't know why everyone's so upset about what wikipedia says. Everyone knows that site is just a Ponzi scheme.
Cheesy, thank you sir, for giving me a good laugh.

Is there any reasoning given for not adding the fact that bitcoin does not match several properties of a Ponzi scheme?
sr. member
Activity: 342
Merit: 250
I don't know why everyone's so upset about what wikipedia says. Everyone knows that site is just a Ponzi scheme.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
Well, it is silly for bitcoin too. So if in the bitcoin page there is that phrase, i want it in the gold page too, since bitcoin and gold have tons of similarities
full member
Activity: 238
Merit: 100
I should add

Some criticize gold, accusing it of being a Ponzi scheme

to the gold page

because it's exactly the same thing.  Cheesy

But you have enough intelligence to know that it would be silly to do right?
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
I should add

Some criticize gold, accusing it of being a Ponzi scheme

to the gold page

because it's exactly the same thing.  Cheesy
sr. member
Activity: 269
Merit: 250
my guess is he just prefers sticking to the rules instead of using logic and common sense.

Not really, because he applies those rules with bias.
full member
Activity: 238
Merit: 100
After reading that talk page, I have never disliked a person as much as SudoGhost. Wikipedia should make sure their editors have an IQ of at least 80 IMO.

He is not dumb, my guess is he just prefers sticking to the rules instead of using logic and common sense.

Does anybody know if there are well-described criteria for judging if a source is reliable or not to wikipedia? (EDIT: NVM, I should learn to do some more googling: http://en.wikipedia.org/wiki/Wikipedia:Verifiability#Reliable_sources )

I assumed his lack of logic and common sense was the result of a low IQ.
legendary
Activity: 1554
Merit: 1021
After reading that talk page, I have never disliked a person as much as SudoGhost. Wikipedia should make sure their editors have an IQ of at least 80 IMO.

I have no doubts that his IQ is at least 80.  IQ isn't a measure of intelectual capacity, it's a (poor) metric intended to measure average learning comprehension rates.  For the developmentally delayed.  Any IQ number over 120 or so has no practical meaning.  From what I can see of SudoGhost he is more than capable of quickly learning to rationalize away his critics.

Are we talking about http://en.wikipedia.org/wiki/Emotional_intelligence ? (CAUTION: non-RS)
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
After reading that talk page, I have never disliked a person as much as SudoGhost. Wikipedia should make sure their editors have an IQ of at least 80 IMO.

He is not dumb, my guess is he just prefers sticking to the rules instead of using logic and common sense.

Does anybody know if there are well-described criteria for judging if a source is reliable or not to wikipedia? (EDIT: NVM, I should learn to do some more googling: http://en.wikipedia.org/wiki/Wikipedia:Verifiability#Reliable_sources )
legendary
Activity: 1708
Merit: 1010
After reading that talk page, I have never disliked a person as much as SudoGhost. Wikipedia should make sure their editors have an IQ of at least 80 IMO.

I have no doubts that his IQ is at least 80.  IQ isn't a measure of intelectual capacity, it's a (poor) metric intended to measure average learning comprehension rates.  For the developmentally delayed.  Any IQ number over 120 or so has no practical meaning.  From what I can see of SudoGhost he is more than capable of quickly learning to rationalize away his critics.
staff
Activity: 4270
Merit: 1209
I support freedom of choice
I think that he has a good IQ, but he is NOT honest, that it's worse.
full member
Activity: 238
Merit: 100
After reading that talk page, I have never disliked a person as much as SudoGhost. Wikipedia should make sure their editors have an IQ of at least 80 IMO.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
I hope this whole Ponzi thing goes away so that people will be more likely to jump on the Bitcoin bandwagon and I can make money.

Then jump out of the market before it all crashes.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
"Some have criticized Bitcoin for being a ham and cheese on rye, but a report issued by the owner of a large delicatessen states that Bitcoin lacks three core features of a ham and cheese on rye, namely ham, cheese, and rye."


+1
sr. member
Activity: 269
Merit: 250
"Some have criticized Bitcoin for being a ham and cheese on rye, but a report issued by the owner of a large delicatessen states that Bitcoin lacks three core features of a ham and cheese on rye, namely ham, cheese, and rye."

+1
It's a sad world we live in.
sr. member
Activity: 342
Merit: 250
"Some have criticized Bitcoin for being a ham and cheese on rye, but a report issued by the owner of a large delicatessen states that Bitcoin lacks three core features of a ham and cheese on rye, namely ham, cheese, and rye."

sr. member
Activity: 269
Merit: 250
Added my .02 on the wiki talk page:

http://en.wikipedia.org/wiki/Talk:Bitcoin#Please_add_a_correction_to_the_Ponzi_Scheme_accusation

Quote
The ECB report clearly does not see it as a Ponzi, since it does not promise any returns and even major project developers call it "an experiment" and "not an investment". At the very least, to comply with NPOV, the accusation of ponzi should be balanced by a mention of contrary arguments.
See: http://www.ecb.europa.eu/pub/pdf/other/virtualcurrencyschemes201210en.pdf

Can you change it to something like that: "Report made by ECB states that Bitcoin doesn't have two core properties of a Ponzi scheme"
While the meaning almost doesn't change it will rebuff the argument that ECB report doesn't state if Bitcoin is a Ponzi scheme or not.
hero member
Activity: 675
Merit: 502
http://en.wikipedia.org/wiki/Ponzi_scheme

Quote
A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors

Bitcoin pays no returns. So it can't be a Ponzi scheme.

Quote
The Ponzi scheme usually entices new investors by offering higher returns than other investments
Bitcoin offers no returns. So it can't be a Ponzi scheme.

Quote
The system is destined to collapse because the earnings, if any, are less than the payments to investors.

Bitcoin has no earnings and no payments to investors. Ditto.

Accusing Bitcoin of being a Ponzi scheme is a red flag that the accuser doesn't know what a Ponzi scheme is. If you want to accuse Bitcoin of anything, a very good case can be made that it is a bubble. Whether true or not, that at least makes sense. It makes no sense at all - it is a violation of the definition - to call Bitcoin a Ponzi scheme.
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