Bitcoin Forum

okay! First we need to know what is PONZI SCHEME?
A Ponzi scheme or what they call “Red Flags” is an investment fraud that pays existing investors with funds collected from new investors. Ponzi scheme organizers often promise to invest your money and generate high returns with little or no risk. But in many Ponzi schemes, the fraudsters do not invest the money. Instead, they use it to pay those who invested earlier and may keep some for themselves.

With little or no legitimate earnings, Ponzi schemes require a constant flow of new money to survive. When it becomes hard to recruit new investors, or when large numbers of existing investors cash out, these schemes tend to collapse.

Ponzi schemes are named after Charles Ponzi, who duped investors in the 1920s with a postage stamp speculation scheme.
Source: https://www.investor.gov/protect-your-investments/fraud/types-fraud/ponzi-scheme
.
As per World Bank says, Bitcoin is not a Ponzi Scheme. They have completed a research on bitcoin. They concluded that bitcoin is not an Anti Bank.
It seems that bitcoin has a great help for them.

A far better question than “What is Bitcoin?,” that fewer common people have asked than should, is “What is The World Bank?” Bitcoin is a revolutionary digital protocol that supports an online currency of finite units whose value is based solely on market demand. This digital currency’s current market capitalization value is just over $5 Billion as of this writing. “The World Bank” is, according to Wikipedia, “A United Nations international financial institution that provides loans to developing nations for ‘capital programs.’ The World Bank’s official goal is the reduction of poverty.” Really? How’s that working out so far, after seventy years in business? . 
.
So no wonder nowadays, more and more people who are using and engaging in Bitcoin. Because they can earn more in bitcoin and they can make an easy work for their companies to be known.

Bitcoin is decentralized, and there are many problems with centralization. For example, Banks can print money and plunder your wealth without your consent.

In the BTC system, you can really control your money, not indirectly through the bank. BTC has used technology for the first time in human history to ensure that private property is sacrosanct.

I truly believe in bitcoins. I believe it is the future of finance and it will forever change how we use money. However, I would say that bitcoins is just a jump off point of sorts and I think governments will just adopt the concepts and frameworks it has laid down. What will happen is that governments will ditch physical paper money and coins and go with cryptocurrency in their own way.

Bitcoin was never meant to replace banks. It's simply there as an alternative. Sure, banks keep your money for you like you keep your coins, but the similarities end there. That's why there's no sense in comparing the World Bank's duties to Bitcoin; Bitcoin is meant as a currency, and the World Bank funds programs for loans. They couldn't be any more different.

You can make money off of Bitcoins, sure, but you can't take loans from it itself. You can take loans in Bitcoin, but you'd have to rely on a central authority or other individuals, which isn't that much different to borrowing from banks.

Bitcoin is the solution of inferior government system that almost all countries are suffering with, why did is I said this because we all know that when we create a bank account and deposit are money like for exmple 1 million dollars and then after a week you want to withraw all your money on that bank, the bank won't give it to you on full, why?? because they offer it for loans, that's why they encourage us to get a bank accounts for them to sustain the cycle of money. That's why banks are using this bitcoin to earn more, they use our bank money to invest on bitcoin.

Its tough for most people to imagine something very new, compared to something that has been there traditionally for long time. Bitcoin is decentralized, not kind of Bank. Its like Banks keep your money, in Bitcoin you keep your own money. Bitcoin is not any kind of institutions. Its not designed to provide loan either.

I believe BTC is the future of finance and it will forever change how we use money. However, I would say that bitcoins is just a jump off point of sorts and I think governments will just adopt the concepts and frameworks it has laid down. What will happen is that governments will ditch physical paper money and coins and go with cryptocurrency in their own way.

In fact, all the monetary transactions of the governments are digital but not explained. Also, the government is paying a lot of money to print physical money, but without physical money, something will be missing. Reducing the use of physical money is the right thing to do.

I don't think bitcoin is anti anything. Bitcoin isn't asking banks to close or stop operating, bitcoin is just a currency which puts power in the hands of the users rather than in the hands of third party financial institutions like banks and banks are afraid more people will realize this.

In bitcoin ,you Will have your own bank , which is your wallet . You can keep there  all your assets and investment  with your proper Monitoring, not knowing by any  government regulations. It is true that Bitcoin is anti bank anyway. In banks , they Will keep your assets and will charge you accordinglly. They extend projects and Programs to the people by lending them cash to start for a business paying back with interest. Not like in Bitcoin that , you Will gain profits by your patience and good timing. Nowadays banks are being interested to study  Bitcoin in blockchain Technology joining together in the future for progress

There are many talks on bitcoin replacing banks, bitcoin replacing paper money and traditional money, bitcoin being the global currency and all sort of speculations.
Bitcoin was not designed so that one day it will take over the banking systems of the world. It is an alternate means of transaction.

Bitcoin is a different way of transaction which has its own unique fundamental basis of blockchain mechanism.
When we say butcoin shall replace banks, its completely wrong. Rather, banks me apply the concept of blockchain system onto their own system.