Can you explain how Bitcoin isn't a ponzi scheme...

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.

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Sounds like any financial product ever created you fucking imbecile

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

Africa.

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huh

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.

>comming

Everything is a Ponzi scheme. Killself ultra retard

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?

And if you can establish that it's a Ponzi? What then? Nobody will act on your findings.

>Can you explain how Amazon shares isn't a ponzi scheme? It needs new people comming at higher prices to sustain the income of board members and shareholders isn't it? Otherwise it would collapse. Sounds like a ponzi to me. Don't even get me started with options. At least Amazon 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.(?)

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Picasso puts some paint on a canvas
Now worth 50 million 100 years later.
Artist wipes his shit on a wall and calls it Jesus
Sells immediately for 100k
Art is a bubble user

Literally all financial systems ever created are, under this definition, a ponzi.

Why do you think we HAVE to have positive economic growth ever year?

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>Tech devices
>Financial product
Wut

OP is kind of a retard but you are a much bigger retard.

You are right except mining reward go towards zero while transaction fees keep getting collected. At the limit it's just at equilibrium, not profitable, but not a net outflow either.
ETH and some others actually have the ability to collect more in fees than they pay in miners, the difference is burned similar to a stock buyback. So you can actually compute intrinsic value with normal discounted cash flow models.

Bitcoin has a dynamic mining difficulty level

Explain how precious metals aren't a ponzi scheme, then?

What makes a Ponzi scheme a Ponzi scheme is that that the person running it actively lies about the value of the assets. A typical Ponzi scheme would be a hedge fund where the stocks purchased by the fund are kept a secret. The hedge fund manager overtly lies about the value of the stocks purchased by the fund in order to give the illusion of higher returns to attract new investors.

With Bitcoin, the value of a Bitcoin is determined by the market. The price of a Bitcoin is determined by what someone is willing to pay for. The price is not a lie, someone is currently buying Bitcoin for that price. What distinguishes a speculative bubble from a Ponzi scheme is active fraud in lying about the value of secretive assets held.

>Can you explain how Bitcoin isn't a ponzi scheme?
No. But i can check those holy digits of yours.

It is and yeah it will go to 0 eventually. Nice trips

Stocks take their values from the fact that they are used to control a co.pany and to get dividends out of them. There is speculative value on top of it but that's not just wind

BTC is just that, wind

Thanks just sold 100k

Can melt them and make cool stuffs

Stocks have an underlying value that you can approximate with financial analysis. however the stock price is still driven by speculation, and the underlying business is still driven by people buying their product or service... which are both supply / demand.
how is that any different than pricing anything else in the world, including bitcoin

everything is a ponzi scheme that requires ever expanding population growth to sustain

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btc inflation now means no

most defi coins are strictly a ponzi though

checked and bitcoin is rekt

Your definition of a ponzi is retardedly ill informed

'd

Checked.

Bitcoin has a use as a store of value. The new gold. A lot of metrics point to this - wealth redistribution to younger generations from older, young people don't buy gold, extremely low market cap relative to gold, future advent of technology/digitization, monetary fuckery/inflation/deflation, banks fucking with asset prices, etc.

The difference is that bitcoin can't be used for anything except speculation. Stocks and to a lesser extent metals are speculation on top of a real down to earth value. BTC is only speculation.

Sure you can split hair and say that all valie is subjective yada yada but you know that's just arguing semantics.

Of course it is in a sense a ponzi, but everything that requires risk is. It's simply the smart money exploiting the dumb money as is with stocks and any other speculative asset you can think of.

You just described Stocks as well. Or products in general.
Yes you need people to buy at a higher cost that what you paid for it in order to make a profit.

>Can you explain how Stock Trading isn't a ponzi scheme? It needs new people comming at higher prices to sustain the income of traders isn't it? Otherwise it would collapse. Sounds like a ponzi to me. Don't even get me started with penny stocks. At least Stock Trading 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.

Real ponzi schemes have Zero Utility and Zero Survivability.
Bitcoin is the STRONGEST COMPUTER NETWORK IN THE WORLD EVER.
It provides value by being leaderless, something no other project can say. No one can fuck you over. No one can take your funds. You have complete control over your bitcoin.
I'll let the other BTC Maxis explain, but honestly fuck that. I don't even like BTC, it's a dinosaur coin that doesn't do what alts can.

Like literally EVERY FUCKING FINANCIAL DEVICE ON THE PLANET YOU SCUM OF THE EARTH MORON.

same as most gold

false bitcion can be use a proof you hold them.

its hard to prove liquidity in any other medium at short notice or 100%

>economic model doesn't seem sustainable
You don't understand supply and demand. You can't use the word economic if you don't understand the most basic fucking idea.

>bitcoin can't be used for anything except speculation.
I'm convinced faggots like you just say this to troll. It's been literally 10 years and retards still say this. Even BTC has more utility than Gold.

>and new investors are mostly buying out earlier investors
As with Stocks. By your manipulated definition, stocks (or any product you buy to sell later) are also a Speculative Bubble.

>Stocks and to a lesser extent metals are speculation on top of a real down to earth value
Check p/e on literally any high-performing stock and tell me it's based on real world value. Actually, don't.
People like you deserve to be in a dictatorship. Keep peddling socialism and communism because you're
incompetent and have given up. Keep thinking you have an identity. Keep being a "middle of the road"
sow. Keep on reading pop-sci. Fuck the scientific method and critical thinking.

Yo, if you're in a bad place or something I take it back. Otherwise, once again, fuck you.