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Title: [2014-11-18] WORLD BANK REPORT: BITCOIN IS "not" A PONZI SCHEME Post by: goxed on November 18, 2014, 01:12:54 PM http://insidebitcoins.com/news/world-bank-report-bitcoin-is-not-a-ponzi-scheme/24346
NEW YORK (InsideBitcoins) — Bitcoin may be a demand-driven “bubble,” but it is no Ponzi scheme, says Kaushik Basu, World Bank chief economist and author of ‘Ponzis: The Science and Mystique of a Class of Financial Frauds.’ “Contrary to a widely-held opinion, Bitcoin is not a deliberate Ponzi. And there is little to learn by treating it as such,” Basu writes in the recently released report. However, Basu says the cryptocurrency has been the subject of broad market speculation. Title: Re: [2014-11-18] WORLD BANK REPORT: BITCOIN IS "not" A PONZI SCHEME Post by: hilariousandco on November 18, 2014, 01:41:07 PM To be honest, what else could they say? Any intelligent person looking at bitcoin can see it's not a ponzi. Only those that don't understand it or fear it would say it was one.
Title: Re: [2014-11-18] WORLD BANK REPORT: BITCOIN IS "not" A PONZI SCHEME Post by: LiteCoinGuy on November 18, 2014, 03:55:42 PM To be honest, what else could they say? Any intelligent person looking at bitcoin can see it's not a ponzi. Only those that don't understand it or fear it would say it was one. its all about drugs! ....wait...maybe iam wrong ;) Title: Re: [2014-11-18] WORLD BANK REPORT: BITCOIN IS "not" A PONZI SCHEME Post by: aigeezer on November 18, 2014, 04:09:09 PM "not a deliberate Ponzi" - it's still deliberate bankster FUD, imho.
Title: Re: [2014-11-18] WORLD BANK REPORT: BITCOIN IS "not" A PONZI SCHEME Post by: botany on November 19, 2014, 01:25:39 AM Not a deliberate ponzi, but a naturally occurring ponzi. ;D
http://www.coindesk.com/world-bank-report-bitcoin-naturally-occurring-ponzi/ Title: Re: [2014-11-18] WORLD BANK REPORT: BITCOIN IS "not" A PONZI SCHEME Post by: goxed on November 19, 2014, 11:17:40 AM Not a deliberate ponzi, but a naturally occurring ponzi. ;D aka bubble. too much intermixing of terms here.http://www.coindesk.com/world-bank-report-bitcoin-naturally-occurring-ponzi/ Title: Re: [2014-11-18] WORLD BANK REPORT: BITCOIN IS "not" A PONZI SCHEME Post by: Ron~Popeil on November 19, 2014, 10:50:01 PM "not a deliberate Ponzi" - it's still deliberate bankster FUD, imho. Yeah that is a not so clever ruse to attach the term bitcoin to ponzi. I don't really listen to the bankers or wall streeters anymore. Title: Re: [2014-11-18] WORLD BANK REPORT: BITCOIN IS "not" A PONZI SCHEME Post by: bitcool on November 20, 2014, 01:04:50 AM Important society changes are all in the form of "naturally occurring ponzi": people flocking to the "new world", adoption of automobile, internet, migrating to Mars, just to name a few.
Title: Re: [2014-11-18] WORLD BANK REPORT: BITCOIN IS "not" A PONZI SCHEME Post by: botany on November 20, 2014, 01:23:36 AM Important society changes are all in the form of "naturally occurring ponzi": people flocking to the "new world", adoption of automobile, internet, migrating to Mars, just to name a few. I would say as long as the late adopters don't get punished/cheated, you shouldn't be labeling it as a ponzi scheme. Title: Re: [2014-11-18] WORLD BANK REPORT: BITCOIN IS "not" A PONZI SCHEME Post by: bitcool on November 20, 2014, 01:41:13 AM Important society changes are all in the form of "naturally occurring ponzi": people flocking to the "new world", adoption of automobile, internet, migrating to Mars, just to name a few. I would say as long as the late adopters don't get punished/cheated, you shouldn't be labeling it as a ponzi scheme. They are bankers, what can you expect from them? "Naturally Occurring Chain Reaction"? That's like them saying "I am doomed, done". Title: Re: [2014-11-18] WORLD BANK REPORT: BITCOIN IS "not" A PONZI SCHEME Post by: Minor on November 22, 2014, 08:53:18 AM Quote financial bubbles that form from natural market forces, with one person’s expectations feeding into another’s Aren't all stocks pretty much like that? Title: Re: [2014-11-18] WORLD BANK REPORT: BITCOIN IS "not" A PONZI SCHEME Post by: indiemax on November 22, 2014, 03:29:27 PM Quote financial bubbles that form from natural market forces, with one person’s expectations feeding into another’s Aren't all stocks pretty much like that? Yup,I have to agree with that Title: Re: [2014-11-18] WORLD BANK REPORT: BITCOIN IS "not" A PONZI SCHEME Post by: Swordsoffreedom on November 23, 2014, 07:10:45 AM Well after reading the report which was about ponzis and market bubbles
While they say it is not a ponzi they still said it was a prime example of a price bubble and pop. It's still a step up at least Title: Re: [2014-11-18] WORLD BANK REPORT: BITCOIN IS "not" A PONZI SCHEME Post by: Lethn on November 23, 2014, 07:16:35 AM Not a deliberate ponzi, but a naturally occurring ponzi. ;D aka bubble. too much intermixing of terms here.http://www.coindesk.com/world-bank-report-bitcoin-naturally-occurring-ponzi/ They're desperate to avoid calling it a currency or money, so they don't know what to call it as it doesn't fit any other definition and their bullshit just isn't working, if that video that was posted just recently asking people what they thought of Bitcoin proved to me is people have been confused as to what it is because the bankers couldn't stay on message in attacking it so now they don't know what to believe. Title: Re: [2014-11-18] WORLD BANK REPORT: BITCOIN IS "not" A PONZI SCHEME Post by: tatu on November 24, 2014, 06:50:46 PM I think it'll be a while before it's called a currency or a made legal tender by governments. It's likely to be kept just as some sort of token because they can't issue or control it.
Title: Re: [2014-11-18] WORLD BANK REPORT: BITCOIN IS "not" A PONZI SCHEME Post by: Purple Wayne on November 24, 2014, 07:51:12 PM Well I'm really glad they cleared that up for the rest of us ::).
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