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Title: Is bitcoin a ponzi scheme or like e-gold/ liberty reserve? Or will it succeed? Post by: bitcoinsrus on February 26, 2014, 12:47:07 PM Bitcoins growth is based on the users interest. Much interest (from china) boosted prices. Does bitcoin rely on more and more users
or will it succeed based on its established "fan" base. Remember e-gold or liberty reserve. There were good ideas but fell short in the end. Will bitcoin succeed and will it need mass adoption to achieve its ultimate goal. I do not mean to spread fear, uncertainty or doubt (just speculating on btc future) Thoughts? Title: Re: Is bitcoin a ponzi scheme or like e-gold/ liberty reserve? Or will it succeed? Post by: T.Stuart on February 26, 2014, 12:50:50 PM Bitcoin has been used by some ponzi schemers.
Bitcoin is not a ponzi scheme. It is a highly deflationary currency. Title: Re: Is bitcoin a ponzi scheme or like e-gold/ liberty reserve? Or will it succeed? Post by: FierceRadish on February 26, 2014, 12:57:58 PM Dude, 56 topics for 115 posts.
Don't mean to be (unduly) harsh, but do you just create a thread for every thought that pops into your head? Search function. Title: Re: Is bitcoin a ponzi scheme or like e-gold/ liberty reserve? Or will it succeed? Post by: podyx on February 26, 2014, 01:03:16 PM Title: Re: Is bitcoin a ponzi scheme or like e-gold/ liberty reserve? Or will it succeed? Post by: TERA on February 26, 2014, 01:09:42 PM Liberty reserve: A centralized banking and payments processor institution which held your cash and other currencies.
E-gold: A centralized banking and payments processor institution which held your funds in 'gold' - supposedly it was all backed up with real gold locked up in their vault overseas. Bitcoin: A decentralized commodity on a peer to peer network, given value only by people when traded with other people or on markets. The business models of these have no similarity at all. There is no way to make a comparison. |
