Pages:
Author

Topic: World Bank Report: Bitcoin is a ‘Naturally Occurring’ Ponzi - page 2. (Read 3945 times)

newbie
Activity: 41
Merit: 0
TL;DR: Every speculative bubble is a "naturally occurring ponzi".

Ok then.  Cool

The article is leading you to the conclusion that the World Bank thinks bitcoin is a ponzi scheme. If you read the report they make no such claim. Coindesk is misleading their readers.
newbie
Activity: 41
Merit: 0
TL;DR: Every speculative bubble is a "naturally occurring ponzi".

Ok then.  Cool

True, but the article is a misleading representation of the report.
It's not unreasonable to study ponzis and speculative bubbles together (which is what the report does). Admittedly the terminology "naturally occurring ponzi" is misleading, but the report still has reasonable things to say about both.
member
Activity: 235
Merit: 10

TL;DR: Every speculative bubble is a "naturally occurring ponzi".

Ok then.  Cool

bitcoin doesn't carry any promise of return. it only has promise of fixed inflation. i studied the issue carefully before i bought in.
newbie
Activity: 37
Merit: 0
TL;DR: Every speculative bubble is a "naturally occurring ponzi".

Ok then.  Cool

Just like how a heart attack is a naturally occurring murder
member
Activity: 82
Merit: 10
Equally most will blame the academics for their 'mismanagement' of this instrument (Central Banks) . But it is not them either.
The great enablers of the real Ponzi Scheme that exists in the World today has been our respective Governments that have legislated their Ponzi Scheme such that it can not be called a Ponzi Scheme. With some slight of hand, a few pages can be drafted to allow fractionalization, derivatives, and leverage all the while maintaining "That this is not a Ponzi scheme." If the velocity of commerce and money is maintained at a high level, $1000 dollars can be made to look like $1,000,000.

I disagree with you Kaushik Basu, shame on you for being ignorant, short-sighted or or both. Bitcoin is now the most secure store of value on the planet Earth. It is much easier to counterfeit Gold by creating your own Goldmine and refining the ore at a cost of about $200 million, rather than trying to produce your own Bitcoin at $2 Billion. The education will spread and people will wake up to the truth soon enough. It must be slow and methodical however before legacy holders realize there is even a credible threat - and then it will be too late.

The institution I am a part of stands a chance to do more good over the next 100 years than the World Bank ever could because it is underwritten by an instrument of undeniable trust and transparency. Change is upon us.
member
Activity: 82
Merit: 10
It is such a sad commentary on the state of affairs of the legacy system for these leaders to not recognize the truth behind the distributed asset ledger. In their position, having all their accumulated wealth in Dollars, there can be no other comment they can make.
JPM, Barclays, HSBC and all the others are incredible institutions and still are, ran by teams of millions of qualified individuals. The fines and wrong doing you read about are not because of the inefficiencies or frauds of their institutions, it is the skulduggery of the instrument that underwrites their business model, the dollar, and the twisted regulation that governs their activities. Capital will seek a path forward around legislation - it is also natural, circumvention is the equivalent of water seeking the lowest level.

member
Activity: 82
Merit: 10
Using the word Bitcoin and Ponzi scheme in the same frame of reference is the same thing as calling it a Ponzi Scheme in my opinion, 'Natural' or 'Traditional' is irrelevant - Interesting delivery they have tried here. So many analogies in this context like the 'heart attack is a naturally occurring murder" Wink How audacious. Just the simple measure of commitment and intellect that has poured in to this phenomenon is all the credibility that is required for it NOT to be a Ponzi Scheme in any sense of the word; in fact its behavior is probably unrecognizable to the academics because it is the first true free market instrument in 40 years - buyers and sellers.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
You know that the banks are retarded when they can't even get the definition of "ponzi" correct.

Bitcoin doesn't promise returns like ponzis do.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
LOL and this is coming from the World Bank where their whole motto is "Operate as a ponzi to fill our pockets with a whole lotta stuff and enslave the working class at the same time through fractional reserve banking"

 Grin Grin Grin
member
Activity: 98
Merit: 10
★☆★Bitin.io★☆★
This is one sophisticated ponzi if you ask me I think they're just scared.

I think they realize that if average people ever figure out the game they play at our expense they will be out of business fast. Bitcoin sheds some light on that and it makes the roaches nervous.
legendary
Activity: 1876
Merit: 1058
Vave.com - Crypto Casino
This is one sophisticated ponzi if you ask me I think they're just scared.
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin

This reminds me of USA saying the Russians took down that plane...
In the end, sadly, there are alot of people that dont understand that banks will allways talk bad about bitcoin, but anything they say cant be impartial.

This is why regulation is needed, even if it may seam like a bad choice, but atleast were not feeding the banks with more bad press to throw at us.
member
Activity: 72
Merit: 10
TL;DR: Every speculative bubble is a "naturally occurring ponzi".

Ok then.  Cool
legendary
Activity: 1344
Merit: 1000
Bitcoin is clean and wholesome:
Hey, are most alt coins "Naturally Occurring’ Ponzi" schemes?   Cheesy

fundamentally they are actually quite sound investment ideas though the fact they replicate

bitcoin means they have weaker network strength and are vulnerable to attack and destabilization

bitcoin still has weaknesses associated with exchange manipulation and leverage though

it does have a fixed number which prevents much larger downswings,
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
Bitcoin is clean and wholesome:
Hey, are most alt coins "Naturally Occurring’ Ponzi" schemes?   Cheesy
legendary
Activity: 1344
Merit: 1000
the Bitcoin price stability has debunked the ponzi/bubble theory already

how are they basing their story

and i haven't clicked on the link yet is anyone able to explain it?
legendary
Activity: 2674
Merit: 2965
Terminated.
I think Naturally Occurring’ Ponzi thesis is somewhat correct.

The problem with the "naturally-occurring Ponzi" thesis is that a "naturally-occurring" Ponzi scheme isn't even a Ponzi scheme. Plus, the term describes all commodity investments.
Exactly, how can there be a naturally-occurring Ponzi?
When the definition is:"a form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.".
So fraud happens naturally?  Cheesy
legendary
Activity: 4466
Merit: 3391
I think Naturally Occurring’ Ponzi thesis is somewhat correct.

The problem with the "naturally-occurring Ponzi" thesis is that a "naturally-occurring" Ponzi scheme isn't even a Ponzi scheme. Plus, the term describes all commodity investments.
sr. member
Activity: 378
Merit: 250
FURring bitcoin up since 1762
Well, describing Bitcoin as a naturally occurring Ponzi is somewhat interesting, because it actually describes some of its facts and reasons, why bitcoin is successful to begin with. A lot of people would never start investing in bitcoin if they didn't have the chance of gaining some money by doing so. Why would just put their money in Jeopardy. Early adopters do profit, yes. This part looks like a Ponzi. But Bitcoin doesn't need any new people to join the system in order to work. That's the key difference form a Ponzi!
member
Activity: 145
Merit: 10
I think Naturally Occurring’ Ponzi thesis is somewhat correct. However, bitcoin has interesting/valuable features. The last citation is very interesting. Will cash vanish in the near future?
Pages:
Jump to: