Bitcoin a ponzi? Still?
I came across yet another article stating bitcoin is in deed a ponzi scam? Well what I don't get is how can such a huge idea open sourced platform can be considered a ponzi.
This might be the same peeps that still think the earth is flat.
I agree earth is still flat.
Well the statement came from a bank, if we mean the same article. So it is interresting how they still want to fight it that way.
If Bitcoin does not have a utilitarian basis to maintain 'store of value', then the only way to benefit from it is for another investor to buy in at a higher price than you, whom also is hoping to eventually sell at a higher price to another.
Haha - the earth is not flat lol?
I saw that same headline this morning. Doesn't an investment have to be centralized to be a ponzi scheme? If bitcoin is a ponzi scheme, then all money is a ponzi scheme.
Actually... any fiat currency is closer to a ponzi scheme than bitcoin is, because they are centrally issued...
Maybe they confused Bitcoin with Bitconnect lol!
I don't agree that bitcoin or any other cryptocurrency for that matter is a ponzi scheme or worthless. Though speculation is driving their prices, but they have definitely solving a purpose which fiat currency can't, viz:- anonymity or pesudo anonymity, cross border payment , one standard currency across the globe , non-counterfeitable currency and much more !!