Can you explain how Bitcoin isn't a ponzi scheme? It needs new people comming at higher prices to sustain the income of miners isn't it? Otherwise it would collapse. Sounds like a ponzi to me. Don't even get me started with altcoins. At least Bitcoin innovated. But the economic model doesn't seem sustainable. If something needs people coming at higher prices to be sustainable, how isn't that a ponzi.
Can you explain how Bitcoin isn't a ponzi scheme...
Ayden Morris
David Cox
Sounds like any financial product ever created you fucking imbecile
Carson Hernandez
Bullshit faggot.
Hi tech devices need lower price points to meet mainstream demands or otherwise are exiled to niche Product hell.
Fucking cocksucker cram your fudge packer opinion into your hairy asshole
Jaxson Hill
Africa.
Dominic Kelly
huh
Jonathan Perry
It's not strictly a Ponzi scheme, but it is a speculative bubble. Even people who invest in Bitcoin should be able to admit this.
In a Ponzi scheme, the illusion of growth is used to lure new investors, whose capital is used to pay off the early investors and thus reinforce the illusion. In Bitcoin, the increase in price is driven by increased demand, and new investors are mostly buying out earlier investors. In Bitcoin, there's (mostly) honest price discovery, and the massive increase in price is fueled by hype. In a Ponzi scheme, the fund manager is misrepresenting the funds performance and disguising return of capital as dividends or similar distributions.
Noah Thomas
>comming
Jackson Rogers
Everything is a Ponzi scheme. Killself ultra retard
Jacob Davis
To play Bitcoin's advocate: What isn't a speculative bubble? You buy something with the hope it will go up in the future isn't it?
Elijah Hill
And if you can establish that it's a Ponzi? What then? Nobody will act on your findings.