Bitcoin Forum

Bit coin is a Ponzi scheme. Don't listen to the bit coin shills on here. The newcomers buying into bit coin and driving up the price are just making the early adopters richer.

That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.

The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.

Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?

If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.

Your so called most powerful superpower is already facing challenges from all around the world. Moreover if they are such a powerful country why have they not been able to stop any such currency from growing. Bitcoin has grow quite a times I don't think Donald trump is that stupid that he hasn't really noticed such thing? Trust me no backing is going to do anything when people feel themselves insecure in their own country. Bitcoin is the way they are trying to find some freedom.

about 10 million people disagree with you bub. Besides, this is a bitcoin forum. Don't post that crap here.

So, why to invent a system using cryptography, and create the blockchain technology just to run a Ponzi.... While you can, for example,  just run HYIP site within 1 hour and make more money with less effort.
Bernard Madoff used just a pen and paper and a few dinners at the restaurant and his Ponzi scheme was about million dollars.

The fact that some "super powers" use the dollar doesn't make it valuable
By the way, from what is backed the dollar? Ahhh, from the debt from US citizens and the FED printing money like the cash cows ?

Why would we back USD which is a currency of a superpower on the face of the earth? that's right, we back it for you to have more money to jump more girls*, now that have a lol. we are willingly helping the early adopters to get rich, emperor Wu deserves to be the emperor. what the fack did US government do for any body other than spending billions of billions to build an army just to invade other countries to jump their girls and take their resources to save for more jumping in the future? now it's our time to jump, for so many years they didn't share, not even the ugliest girls at least to jump once.
*real girls, you could replace the other girls with other things.

You are completely wrong with that, if you are jealous because you dont even have a bitcoin on your wallet, it is not our fault.
Why are you complaining? Is it because you did not earned enough money by working 10 hours a day in your country? Or is it because you dont even have money to invest in here
I have read a lot of fud like this on the forum, but a ponzi scheme? Do you know what a really ponzi scheme is? i think that you dont.

I would not even bother myself into reply this thread because it a troll , it is obviously a troll..

You are so limited in your knowledge of Bitcoin that you can't even write the name right. What a weak attempt at trolling.
For it to be a ponzi scheme there has to be a person that is taking all the profits and making others invest by advertising and making false promises just like Ponzi and his followers like Madoff did.

lmfao, check my registration date, kiddo.

So you're saying *on bitcoin forum* that bitcoin is a ponzi scheme?  Get out of here man.  Bitcoin is a currency,  not a ponzi scheme.  Sure it may go up when it's bought and go down when it's sold,  but fiat currency does this as well.

its a pile of poo and will never be a real currency but its not a ponzi. Although its behaving like one and the last ones caught a the top will lose everything.

Bitcoin lacks the fundamental qualities of a proper currency. Any "currency" that requires the user pay 20 dollars per transaction is a complete and utter failure. People use bitcoin not because they use it in day to day transactions, but because they think it will make them rich. Like the tulip mania back in the day.

They are abvious on their patterns, always the same "Some computer nerds living in their mothers' basements"
Just a reminder since Madoff got associated. The Madoff's did not lived in mom's basement.

A ponzi by definition sucks investors in, but doesn't allow anybody to exit early. And they are of a rather limited size.
Bitcoin is all over the world and if you wanna leave, just checkout.

Well, in a way, every currency is a ponzi scheme in your sense. we just use USD because we trust. Once we lose trust, a USD note will be completely useless.Countries can fall apart, currency can lose value, politicians can lose power. A ponzi scheme supported by military power lasts longer (i.e. fiat) but it will NOT last forever.

From Wikipedia........"A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game)[1] is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading. Operators of Ponzi schemes can be either individuals or corporations, and grab the attention of new investors by offering short-term returns that are either abnormally high or unusually consistent."


Operator? Who is that?

Who offered you anything?

Definitions are fun. Delete your account.

Thank you for your opinion, but you should learn more about Bitcoin

Bitcoin is a currency that being used for global transaction, it's just like usual currency and also can be act like investment like gold, I don't know how can you consider Bitcoin is a ponzi and I don't understand from which point of view you declare Bitcoin as a ponzi

And if you don't like Bitcoin you can just go up stash your USD and investing in USD, nobody force you to use bitcoin

You are already a Member in this forum so it's supposed that you must already know some facts about btc, but you're not. First of all, bitcoin is a cryptocurrency and not totally made for Ponzi scheme. If this really made for such scam, then why there are people who came here with nothing and go back with something? Why I'm earning here? Therefore, bitcoin was not a total scam yet it helps us to make a living.

Maybe the reason why you said those bad things is because you are once scammed by HYIPS out there. Anyway, it doesn't matter what kind of reason you have for saying these things, more important is you should stop saying bad things about btc but if you can't take it any longer then get out of it.

Since you have become a member of this forum, you have not really learned bitcoin it? Only to say that he is a Ponzi scam such words, I feel sad for you. . You should know more about Bitcoin what is it?

I am not required by law to think that USD is worth anything. Hahahaha. What the hell? This isn't a very good attempt Mr. Banker sir. Maybe ask your boss what you should be saying because this won't work.

Also, I just withdrew. How many ponzis can you withdraw from? Omg. Did you even google ponzi before you posted this? Do you even know how they work!? I already know you don't. So funny. So stupid.

Good luck Mr banker shill! Your job is obsolete!!!!

tell that to one of the most technologically advanced countries in the word Japan. they adopted bitcoin as a currency.

while you are at it call up one of the biggest companies in the whole world Microsoft, they are accepting bitcoin as a payment.

if you had any time left and your mind wasn't blown call the approximately 1,500,000 merchants that are currently accepting bitcoin as payment.

all of the above would love a good laugh, so do call them....


either hacked account or kwukduck (https://bitcointalk.org/index.php?action=profile;u=654) brother :D

What Op has mentioned might be true because he's not talking about the popular bitcoin, he has mentioned about a new coin named bit coin. So that might be his own creation, so he has the ability to manipulate and for those reasons it might have got termed to be a ponzi.

BTC is not punzzy system, BUt large traders can effect on the it's market.

Do you even know what a Ponzi Scheme is? Google it, comprehend...then invest all your money in bitcoins!

Really funny.
if Bitcoin is ponzi then there is no community as big as it is today. and how may various circles accept bitcoin.
because the ponzi system only benefits some people.

faith/trust based yes, it ain't a ponzi scheme though. Bitcoin is  basically created for the people, by the people who are tired of the trusting the Fiat/Cash that the government manipulates anytime,everytime, whenever, whereever they like.

you tell an exciting story about bitcoins to your relatives so they start buying it and you gain value on your coin
isnt that how ponzi went too? tell me what is your real bitocin value ?

You have some balls to post like that in this forum brother. First of all, USD is a currency and everybody knows that but do you know why USD has been created? Do you know how paper money is created? Its because of one word and that is "TRUST" and that is what we are applying in cryptocurrency. We trust bitcoin so it has value.
I give you +1 for posting this in the forum. Good to have you here. Thanks for saying that bitcoin is a ponzi scheme brother.

Bit coin is fiat. It isn't backed by anything.

Bitcoin is a free software project without central management, so no one can make a false statement about the return on investment. Like other major currencies, such as gold, the dollar, the euro, the yen, and so on, bitcoin does not guarantee purchasing power and the exchange rate is freely floating. The resulting volatility makes it impossible for bitcoin holders to predict profits or losses. The fact is that bitcoin is being used by thousands of users and businesses because of its useful and competitive nature.

Where I live Ponzi schemes are everywhere.  I know several people that recently were able to get out of them with their money plus about 20% profit since I explained how it would end.  It eventually did and several others that didn't listen to me lost everything.

All that one needs to understand is the concept that the OPERATOR is anyone who got into Bitcoin when the price was low.  In this case the OPERATORS are all that are on this thread that either cannot accept it or are lying to either themselves or anyone reading their reasoning...or both.  ALL OF YOU that are facing a profit if you cash out DEPEND on the price going up by the revenue paid in by new investors RATHER than from legitimate BUSINESS ACTIVITIES (i.e. PROFIT from selling goods or service) or PROFIT of financial trading which is basically the same as a form of business activities.  They go on to further break down what or who can be considered an operator...and again, that's ANYONE hyping or otherwise promising returns that are either ABNORMALLY HIGH (describes recent gains in BTC perfectly) or UNUSUALLY CONSISTENT (BTC is one of the most volatile financial instruments outside of pork belly futures...but the price consistently goes up).

I'm amazed that there are so many people out there that can't at least call a spade a spade.

And before anyone attacks me, I'm waiting for the CME to allow myself and people like me to short the crap out of BTC once we see the right moment.  I'm here to study the level of ignorance, stupidity, and greed here so I'll have the best idea of when that golden moment comes about.  Lots of people are going to get burned because they refuse to understand simple or even moderately complex English.

This is what happens when you don't read enough articles and you have been a gullible to all FUD articles and attacks of other people including the mainstream media and Central Banks' Statements that made your mind completely conditioned and manipulated. You should also consider the money from   other alt coins which backed by a real business who creates profit and the alt coins holder will trade their altcoins to Bitcoin which means there is a real profit moving in and moving out on Bitcoin. This is Bitcoin forum, if you don't like Bitcoin , then don't visit Bitcoin Forums and find another forum that suits your ideology.

A ponzi scheme? Do not exist, when they don't understand the currency, a lot of people would say that this is a ponzi scheme, however, it is a very stupid, they don't know what is the block chain, what is the currency.

And the trolls come out.

Ayy lmao. Would you also be saying the same things for a completely digital USD or would that still be something that exists more than only a token in a virtual space?

Welcome to the free market, where people are allowed to choose what has value, contribute to the economy and market in whatever way that they want to, and if they want to use something which only requires electricity and computer chips they're free to do so. They can spend it however and give it whatever value they want to.

And I believe you haven't been thinking about the multitude of reputable brands that do accept Bitcoin on top of other payment systems as well, but someone registered in 2011 should know that.

Are you supportive of a nanny state?

Surely we might know the benefits in bitcoins but there are several peoples who are yet unaware in the cryptos world and gradually they think that bitcoins will just rip off their money and give them nothing. We have to change this thinking about bitcoins. There is nothing as much profitable as bitcoins for now, also the price is increasing rapidly day-by-day. Bitcoins will soon reach a good height in future making many of us rich.

Trolling skill level: amateur

Aw, better luck next time mate.  ;)

A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. Ponzi scheme organizers promise to invest your money and generate high returns with little or no risk. And the organisers never pay back the money. Bitcoin is no where a ponzi scheme, its a currency or an investment.  Bitcoin is asking neither money nor promise to pay any percentage of returns. It has its own security system so impossible to break and steal coins from there. Investors have all right when to invest and when to withdraw.

It looks like the PO has been FUDing bitcoin since 2013. I am surprised why he still hangs around here. I wouldnt waste another breath on him. He is not here to learn, he is here to hate.

https://i.imgur.com/XYLFQS4.jpg

https://i.imgur.com/riULkAC.jpg

https://i.imgur.com/kKHzxca.jpg

May 16th, 2011.
The question is, why did you state bitcoin is a Ponzi scheme?
A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game) is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading.
https://en.m.wikipedia.org/wiki/Ponzi_scheme

Do you have bitcoin?
Do you hate bitcoin?
Or you just want to influence people not to buy bitcoin?

Bitcoin gain value due to investors put their money into this environment, bitcoin worth $9000 because people believe it has.
Although bitcoin price fluctuate, there is no loss if people invest in bitcoin, simply because bitcoin value keep growing over time. And there is no end in this technology, bitcoin really have usability which current monetary system doesn't.

the number of idiots among us is increasing day by day, with topics like this from someone who either don't even understand what a Ponzi scheme is or he understands it but he thinks if he calls bitcoin Ponzi he can stir up some shit with it. in both cases starter is a big idiot by definition.

now the question is, should we be worried about this situation (increase of idiots among us) or should we be happy about it?
these idiots can be a good source of income. when they panic sell their bitcoins and then buy it back from us at a higher price before they panic sell it again to us under the price they have bought it!

I agree that some aspects of ponzi scheme applies to bitcoin, as the people at the bottom of the pyramid are getting profits from the people who joined at the top of the pyrmaid.

But one important Ponzi aspect is missing at the bitcoin netowork, there is not a big organization who manages the funds and can decide where to take the  funds away and apply an exit scam, no one can just close the network, and the network is not promising you advanced profits for referring friends, and no one is going to run away with your money, but the whole bitcoin price is based on how much new people are joining the network.

After satoshi nakamoto every one start to use btc was a newcomer. When I start to buy and sell my first btc I remember all people with same complaints: "price to high" "ponzi scheme" etc... some years has passed and these post seems just a blame against the missing opportunity :)

Try to talk in a polite way. They are not stupid. If you see in a long period view every one could gain from bitcoin.
Or if you haven't an economical earn, you have played with a nerd hobby. This is not for all of us :)

Japan made the same for btc. Stores doesn't accept directly btc in your country?
You can exchange btc easily with a card/ exchange / people?
Yes superpower is an issue :) because each tx consume a lot of energy. But not all bad points are heavier to address, I think this is also a point for the future.
Even, superpower is not casually. People are not crazy to spend lot of dollars each month only for a hype software.

This is one of the hardest question to reply, because bitcoin is the first-one of its type.
Humanity have ever seen something like this? This could justify by itself the price? Only speculation? Only potential evaluation?

There is a regulation inside bitcoin, the software by itself. But I think you are a little bit confusing.
This an economy without any issuer, any central governance. This doesn't mean totally anarchy but just not one could made the decision that can impact in other people life. No one could froze, lock your coins. No one could decide a fixed price. No one could force you to spend your money.
You have a sense of freedom that we haven't see before. If you call it as "faith-based" economy I can agree with you.
After Cyprus crisis btc price has get a upper trend. People have more faith in btc and not fiat currency.

Actually you are right , btc is a ponzi, but the thing that you are missing is all the economy based on the Ponzi scheme. Look at the Marxist theory or Keynesian theory, they says in every new producement capital owners will take a share from that, and at some point workers will be payed too little salary that they will not can live with that salary. To prevent unemployment or starving government should intervene economy or should be a revolution. That is all economy is a zero total sum game.
Eventually you are right it’s a ponzi and based on speculation but the important point is all economy is a ponzi , if governments accept bitcoin it will be a normal and “healthy” term

False. Actually, bitcoin mining requires power, shells, wares, rigs, and etc. Before you could produce 1 bitcoin, you must shit bricks. (of course you didn't get it, did you?); Now, let me tell you something... your paper money is useless, actually you can wipe your shit with it, the only reason it has a value is because your "most powerful superpower" dictates likeminded people like you to believe that it represents federal golds or something. But in reality, people don't really agree on the value of your fiat. In fact, people are always looking for an asset where the buying power of their wealth won't deflate as time goes by. Bitcoin is increasing it's value annually while your fiat does the other way around... now ask your self which one is the real ponzi?

One more thing, if you really think that we were being scammed by bitcoins then why the hell would you bother? It's non of your business, anyway... we didn't ask your money nor your opinion. Do your self a favor - save your fiat and come back here on 2020 and let's discuss who between us had been ponzied.

It’s only a Ponzi scheme, if people are waiting for an end result. There is no end result with bitcoin; it is the result!!

Has CME jumped in in any of the other Ponzi schemes?

No one ever invests in bitcoin's project, it simply gets trader-sellers to create value so it's not ponzi.

In Any Ponzi Scheme there is something valuable is related, and that Something is always Money or Currency. Now, if Mr. X opens a Ponzi Scheme you should blame him or the stupid people who went for that, but you can not blame money, ok?

now read all those "Money" as "Bitcoin".

The thing is, anybody can open any Ponzi Scheme based on Money or Bitcoin - here Money or Bitcoin is not to blame.

It is not a ponzi scheme. It acts as a store of value
Nobody is waiting for a particular amount at the end of the year or month.

until it's illegal, and then it will be worthless

So you are here since 2011 and are still not capable to write Bitcoin? GTFOH
You either bought this account or you hacked it.

yes probably is not the original owner, because in 2014
https://bitcointalk.org/index.php?topic=514995.msg5689089#msg5689089
this user was able to spell correctly bitcoin :)

Then all stocks are ponzi's. I own Bitcoin, I don't "operate" it. I don't "operate" anyone. Alos, who promised you anything? No one. Just like stocks you hope it goes up.

And you delete your account. Stupid people everywhere trying to change definitions of words.

From Investopedia......What is a 'Ponzi Scheme'
A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers. For both Ponzi schemes and pyramid schemes, eventually there isn't enough money to go around, and the schemes unravel.



Who promised you a high rate of return with little risk? No one.

LOL and you tried to sound so smart. Try a dictionary.

This is how all skeptics reason. And not only in relation to bitcoin. Fortunately, bitcoin is voluntary. And most investors have a strong and convincing opinion about it, about its security. If in doubt, do not invest. It's simple.

Yes, Yes, Yes it is a powerful super power, which cheats people every day, providing them with green pieces of paper whose value exactly equal to 0.

I've decided to spell it as bit coin since it bothers you so much.

The valid currency USD as you have termed is in its last stage as global reserve currency.Its an inflation currency.It is being printed unlimited and sent for circulation.USD just gained its importance after OPEC countries decided to sell crude oil only for USD.Otherwise,this so called valid currency would have been nothing.

Bitcoin is not a ponzi scheme.It has some unique features for which it gets the trust of people world wide.Its true that it has given huge profits to its early adopters.But it is not now in its end phase.Just it has crossed its initial eight years and yet,a long journey is to go.Today's investors will get their returns tomorrow.

If you believe this, you don't understand cryptocurrencies. By definition, they're set out to die eventually. The amount of coins that can be produced is limited, and if you consider that many things result in frozen coins (e.g. deleting your wallet), it's only logical that after all coins have been made, the number can only go down, which will eventually reach critical levels and make the whole system impractical. That's the equivalent of the ultimate fate of the universe for a crypto, and with IRL money that doesn't happen because you can always print more. That doesn't matter much, because in addition to being inherently finite, it's also a speculative bubble that will burst; proof is how unstable it is when reacting to supply/demand (e.g. that one time weeks ago when it dropped $2k because some people shilled another coin).

Ok, so if 2 out of 3 features of a ponzi scheme are not met then it's not a ponzi scheme!
If a robbery is taking someone's property against his will with the use of force or threats, and the last 2 conditions aren't met this means that you've just borrowed something. It's a huge difference, isn't it? OP is an idiot :(

Also, Apple Stock, Real Estate, Numismatic coins, Collectable Cars, Classic Art Work ....  all Ponzi Schemes (by the OP's definition) ... the people buying now are just making the people who bought in 80s richer ...  ::)

Bitcoin more and more takes root in the global economy, it is involved in production, many large companies of the world use bitcoin in their activities. And on this forum even attached a long list of these companies. For me, this is a serious argument in the reliability of bitcoin. This is not Ponzi, not a bubble, not a hoax.

How could someone possibly call bitcoin a ponzi scheme ? Bitcoin is the best thing it has happened to me, I bought a used mining computer rig with six RX 570 graphic cards and I am receiving about 400 dollars in bitcoin monthly without doing anything  except paying for electricity. Do you know what this means to a third world country ? It means they can end the tyranny of capitalists there as capitalists there are different than the ones in the USA or Western Europe. Bitcoin is not a ponzi scheme at all.

You sound bitter on your statement dude. But nevertheless i agree with you when it comes to ponzi schemes and HYIP i dont like them either. But why would i back $$$? What benefit will it be to me unless i work 12 hours a day and get my pay in $$? If people find their financial freedom in bitcoin why not as long as they do not oppress or take advantage anyone?

are we being trolled lol? Id expect this years ago but not so much now

That is how it works, you hold for a long time and wish for the price to increase. Patience will give you great profit, and you can't stop the market from growing. The early bitcoin holders also did not know that bitcoin will be this big as of today, no one could ever know what exactly can happen in the future.

Go back and read what I said.  Several times.  I didn't "try" to do anything.  I made sense out of your nonsense and I said something that MANY honest Bitcoin veterans have admitted many times on this forum.  Just not much on this thread.  And yes, you ARE an operator.  You depend on new money and more people to prop up the price to give you a return.  IF you care about Bitcoin becoming a currency, it is secondary to your goals of fueling your greed.  Don't bring other things into this like stocks since that just shows that you do not know how to debate with any intellectual capacity seeing as how you rely on attacking using nearly every form of logical fallacy.  Learn about logical fallacy and then come back here and tell me that I'm the idiot.

P.S. Nearly everyone on this forum insists that BTC will be worth hundreds of thousands of $ and rarely admit to the enormous risk that can bring this whole thing crashing down overnight.  Seriously get over yourself...and read the insanity that is probably 90% of this forum.

to create a system that uses cryptography, and create blockchain technology just to run Ponzi. You just run the HYIP site within 2 hours and earn more money with less effort.

Well, guy, it's your opinion. Nevertheless btc and alt coins are todays reality. They're actively used all over the world in different transactions despite what you think about it, so don't aggrieve. Everyone makes their own choise!

Say the ponzi scheme because you don't know bitcoin, you don't know the value behind it, but now bitcoin has gained too much, and there may be a bubble.

If you don't want the benefit of it then you should stay out of it and its place to communicate, I mean this forum.

This is not a ponzi scheme as people are buying Bitcoins for different purposes and they are paying for several reasons. If Bitcoin is ponzi scheme then it would have died already, but it staying more than 7 years and still continue growth, no one had asked to invest in Bitcoin for making them into profits.

If you loves so much to ban Bitcoin then consult to your PM and say everything about Bitcoin.

Well, I like what you have done. Hope this is all a joke to trigger people to write to you, as if you really think this, it is sad...

You do know that 1 BTC is divided into 100mil satoshi.

So if we take 1 satoshi to be 1cent, then with 20mil BTC (if we think there are 1mil lost) this makes 20 trillion dollar equivalent from btc...

The transaction to send USD from europe to us takes week (up to 10 days) and costs way more then $20....
and if you are not in a hurry you cans end it for 7cents (I have done this few times, takes no longer then a day to go)...

It's  all a calculated attempt by some bad guys to spread FUD's and cause panic selling so that bitcoin can take a tumble in prices now that it is soaring up pretty well. We are used to their devices now and so it doesn't tickle me one bit when i read news like that about bitcoin being a bubble, ponzi scheme and whatever.

Hmmmmm this account is not a newbie, otherwise would consider that he really is not even aware what he's speaking. Why are you here on the very platform that satoshi was, okay if you think it's a bubble or a ponzi to bad for you op, no one can help you
Your so called usd, USA didn't it crash sometime back I. In 2008 legit company stocks what happened? Look at Bitcoin from then and now, I feel you're jealous to miss out and ranting here. Get some maturity and buy some satoshi's.

Hahahaha, this is a joke right? Maybe you lost out and am bitter but you want to rely on USD, a hyperinflationary ponzi, because it is law.. BTC is capped, as are other digital coins, the US FED and printing Billions of new notes yearly, what bulk this up, there is no gold reserve (anymore) dun dun dun... and the law abiding politicians... Go collect your paper money, we'll still be here.

Oh, and I live above ground  8)

I can't understand why you think this, i have a friend that think the same, but for me bitcoin it isn't a ponzi scheme.
Maybe because you don't have enough money for invest in bitcoin and receive a good earning?
What are are your reasons for think that?

The fact that bit coin is over $10k despite having no intrinsic value makes it a ponzi.

It was a little bit harsh.  But true and very straight forward. I also don't like people bad mouthing Bitcoin just on the basis of their incomplete knowledge it is. It is better to do some research by your own before you start giving you remarks about anything.

Honestly I have been feeling such nonsense crap but the right way is to counter them with your own facts. This way many people may leave this forum which does sound good to me and may never understand what Bitcoin truly is. However, I am getting your point my friend and I strongly agree with you.

Zimbabwe has a valid currency too...and people were required by law to recognize it...and it became worthless.

Value because "it's law" is less meaningful than value because "a community of people believe it has value".

If Bitcoin didn't rise another $1 in value for the rest of its existence it would still be worth more than any fiat currency, because it spending power would never erode. Fiat currencies lose spending power because their government print more of it. That's the simplest explanation for why Bitcoin is more valuable, has greater utility than fiat currency.

It's a place to park your wealth that's secure and free from government intervention. It doesn't have to replace fiat currencies.

---

And if you're going to insult us at least spell it right...it's one word, Bitcoin.

Ponzi Scheme?
Really?? :o
Only thing I want to tell you...
Sit on the bed, have some coffee and sleep
just do this thing then you will discern complete information of Bitcoin

Good point. You've been here since 2011. You must have been pro-Bitcoin at the start.

What changed? What happened that left you bitter about Bitcoin? Tell us your story.

It can be yes because its price rises. But bitcoins are decentralized and that is not manipulated by anyone. Pressure is rising and falling just naturally. Because of selling and buying. The so-called ponzi scheme is still rising and no fluctuating events occur.

I haven't been on this forum since 2011 like the OP but I was well aware of BTC due to listening to many libertarian broadcasts back then and their interviews of the lead developers at the time.  I was planning to buy some but didn't trust the process of buying where I lived back in 2011 since it wasn't as simple as it is today.

That said, you people don't get it.  I agree with the OP 100%.  I believed that BTC would eventually turn into a Ponzi scheme if it didn't catch on in the mainstream in the form of being able to pay for a cup of coffee or buy food at the grocery store.  Not only has this hasn't happened but something even worse happened...the crazy fees that make BTC unrealistic as a day to day currency.  But wait...there's more!  As an excuse, everyone readily admits that BTC isn't really a currency but a store of wealth.  WTF?!?  Hello...that's NOT why it was created.  Finally seeing how everyone behaves or otherwise hypes BTC has convinced me beyond a reasonable doubt that BTC is a Ponzi scheme.  I'm sorry but that's what it is.  I'm happy for those that bought back in 2011 and managed to not lose it or sell it for nearly 7 years.  These people know full well that they made their money because people are willing to pay 1000X more today than in the past.  They know full well that there's no justification for these prices.

So drop this "bitterness" bullshit.  Just because someone decides that Bitcoin is a form of a Ponzi scheme doesn't make them bitter or even that they disagree with it.  They are just being honest.  Most people on this forum, in contrast, are full of shit and they know it.  Knowing that Bitcoin is a Ponzi shouldn't stop someone from investing.  Being afraid that the price is too high and it's vastly overbought and overvalued is the reason they stay out of it....or get in and out as fast as possible...knowing that those that believe in the concept of HODL are the ones that are going to get burned sooner or later when governments start making it illegal or people pull out their money and flood to other cryptos.

Bitcoin will change the way we think about our money. Not possible that bitcoin is a Ponzi because there are ONLY 21 million of them... There cannot be any new additions of it to the pile. And it cannot be printed out of thin air like the paper fiat that is so widely accepted today.

Just under 1/2 (thereabouts) of the 21 million Bitcoins yet to be mined. Almost free  (or IMO not expensive) transfers? The way it ought to be in today's digital society.

Were your definition of a ponzi scheme is quiet pathetic but once again you are allowed to spew your trash down here but if i may ask if it is all a scheme then what are you doing here. Educating us to leave here or here to make some earnings.

Bitcoin isn't a ponzi scheme. Thats pure bullshit.

Bitcoin is same as some goods. Its made for sell,buy and trading.
If more buyer want it the price goes up.

The only difference is its virtual. Thats a new experience for most people.   

I've grown out of the edgy libertarian phase.

Thank you for your advice. But I doubt someone will take your advice seriously here in this forum. I can't understand your intention of telling that statement.

how dose bitcoin seem to you to be ponzi and what make you feel that USD is a super currency it sound foolish,and if i may ask what are doing in this forum  if you find no interest  in what we are doing here cause this forum is a bitcoin.Your super hero is suffering because if bitcoin,bitcoin will really push it off.

In the Ponzi scheme, business co-founders will reassure investors that they will get a profit on some level, while Bitcoin does not promise such a thing. No central entity; there are only individuals who run a decentralized economy.

how dose bitcoin seem to you to be ponzi and what make you feel that USD is a super currency it sound foolish,and if i may ask what are doing in this forum  if you find no interest  in what we are doing here cause this forum is a bitcoin.Your super hero is suffering because if bitcoin,bitcoin will really push it off.

yes for me that was right cause bitcoin never ever make some promises about cause it is not that bitcoin are having some promises about so better to check it first before making some news about bitcoin that was not true research about what was bitcoin is.

You're a funny man or woman?. I don't want to argue with people who dont even know what He's fighting for.  Did you use bitcoin?  Do you have any bitcoin? I would like to suggest that maybe you try to buy bitcoin, hold it for a month and sell it.  Then, state what happen to your bitcoin.  Does it gain profit or you lose some money?  Before you speculate anything.  People in this forum are here because they believe and trust in bitcoin.  Some have their losses but still they have faith to continue in using bitcoin. Bitcoin is circulating and many statements here that bitcoin really help them atleast for their day to day routine and spending. Maybe just find other site,  you will just gain Banshees here.

You might be operating on a different definition of Ponzi scheme than the rest of us? Check out my definition at:

https://decryptionary.com/dictionary/ponzi-scheme/ (https://decryptionary.com/dictionary/ponzi-scheme/)

If you are applying one assumption for one currency then it should be applied to each and every currency out there with no exception to it.


Yes, $10K is not the value of 1 Bitcoin but the value of trust of me and everyone out there who is using Bitcoins and rest is the game of demand and supply. If a cryptocurrency like Bitcoin is a Ponzi scheme just because it is based on trust then what about other currencies?

The only difference of these two is that fiat money is centralized and being controlled by our government while Bitcoin is decentralized. Though Bitcoin may not be under control of the government but this was Satoshi wants when he created Bitcoin. And it's up to us people to decide whether we support Bitcoin or not but most of us decided to support it because they like the characteristics of Bitcoin.

Oh well. It's never a Ponzi scheme for me. It's the new virtual currency for the new modern world. We are becoming modernized and so currencies such as bitcoins have to come along with the new technology.

It is absurd to say Bitcoin is a ponzi scheme, this is as a result of some countries whose government have approved bitcoin as a currency. If it is a ponzi scheme am very sure the government will have carry out its findings before adopting bitcoin as acceptable  for paying for  goods and services. Bitcoin is a digital money with which investments is made for the purpose of yielding gain. Many establishments all over the world  accepts payment using bitcoins. If it were a ponzi scheme definitely they would not have accepted it. A ponzi sheme is not reliable, and method of getting money is to use payment of new members to pay older members, and  such does not exist in the case  of this digital currency called Bitcoin.                                                                         

The whole banking system is way more of a Ponzi than Bitcoin could ever think of being.

All money in the banking system is borrowed into existence. All banking system loans are creations of new money. How do we know? Here's how.

If you go to the bank for a loan, and you are sitting across the desk from a loan officer, and he/she slides the promissory note across the desk for you to sign, does the unsigned note have value? Of course not. If it did, the banker would simply loan you the money without your signature. In fact, the banker could pick a name and address out of the phone book, write up a loan to that name, and keep the money but charge the loan to that name.

The point is, the note has no value without a signature. Then you sign it, and suddenly the note becomes valuable. Value is in your signature. You just created value; you just created private money.

Then the banker accepts your private money, and gives you some public money in trade. Notice that it is in trade. There is no loan. The loan idea and wording is a lie.

The point is that the loan is a creation of new money. The bank sells your note, making money on sale immediately, and on your payments as you apy the "loan" off. No loss to the bank, even if you immediately default.

All money is created through loans. The government borrows money. Their credit is based on the ability of the country to make payments on the loans. Getting more loans for the banks is what the government does to assure that they can make payments on their loans and get larger loans in the future. Military spending comes from loan money, and that is why we have wars. (Another subject.)

The point is, if we don't keep on getting more people and companies into the Ponzi, and if they don't make payment on the outstanding loans, the Ponzi will fail. Who knows what the chaos would look like if the banking Ponzi failed.

Bitcoin is straight-out value for value, although a lot of it is perceived value. If it has a touch of Ponzi-ism in it, it is not anywhere even approaching a Ponzi like the humongous banking Ponzi.

To see the size of the banking Ponzi, consider that the Foreign Currency Exchange (Forex) does over $5 trillion in fiat currency exchange every day.

Any Ponzi in Bitcoin isn't even a blip on the screen... isn't big enough to be the proverbial needle in the proverbial haystack... isn't the size of a gnat in a bowl of soup compared with the camel that is the bowl.

8)

The only story Op has about how he don't believe in bitcoin and consider it as ponzi scheme where there is no one who control it, it's decentralized digital currency.
The only story Op has about how he lost the chance to become a rich man if he invest $1000 in bitcoin back in 2011.
And here he is, trying to influence newbies to do the same mistake as he did.

Another guy who lose from the trade calling btc a ponzi lols. How about stockmarket, is it a ponzi or not?

LOL. I don't think Bitcoin is a Ponzi Scheme, it's a cryptocurrency, it was made with good purpose not to scam other people money like Ponzi. Although it's not a ponzi scheme but I can't refuse that Bitcoin is related to a lot of ponzi scheme but that not mean Bitcoin is a ponzi scheme. You should change your mind buddy. A lot of people out there still have the same thinking like you that why Bitcoin is not legalized worldwide :D

You like digging your own grave here, you know this is a bitcoin forum? and why do you make a topic like this?

Bitcoin is not a Ponzi Scheme, he is a very special virtual coin.

I've seen writing like that everybody thinks that bitcoin is a ponzi scheme, but they never become bitcoin users who just analyze and write articles that can make me laugh.
if they had gone to a restaurant to know the cuisine at the restaurant, at least they would have to taste the food and comment on the food and not analyze it
I think they need to understand well before writing about bitcoin at least they also need to know what bitcoin technology and blockchain :)

you obviously have no idea what your talking about and don't understand the concept of an open source public ledger, or blockchain technology. Cryptocurrency is the future of currency period. maybe not in our lifetimes, but soon enough, paper and metal coin will be a thing of the past and everyone will have all different kinds of cryptos for their daily use.

I've heard people call Bitcoin a Ponzi before, but i've never seen it explained.  Seems like just a trope

Exactly, 100% Zero ponzi.

Bitcoin is not a ponzi scheme or a fraudulent act which they not forbidden any rules of the law. In fact aside from their success in the industry;
they follow all the compliance of the law which they promote all legal deed and good business ethics in our industry.

You people commenting are clueless. I really hope none of you actually have any money invested. Remember the saying " you dont make momey until you sell" absolutely nothing backs bit coin. The "fiat" currency your talking about is the currency that is putting food on your table, a roof over your head and clothes on your back. It is backed by governments and central banks which back all the mortgages and car loans etc with interest rates which are backed by a countries economy. Bit coin has none of that. Its a pipe dream. An interesting dream but that is all. Dont get mad at the truth. Governments have power. Not bitc oin. Governments have armies not bit coin.

Not only are they clueless but they are lazy and never back-read where the ponzi scheme definition was broken down exactly to the case at hand.  I attribute much of it to the fact that most posting on this forum are not native English speakers.  Aggressive denial is the #1 sign of a Ponzi scheme.  The funny stuff is when someone above was trying to say things like housing markets, pension funds, government programs should be called ponzi schemes also in a sarcastic manner....well they are indeed...lol.

All that matters in a Ponzi scheme is that one knows when to get in and get out.  Not everyone loses money in Ponzi schemes.  I know several people who made their living playing (not operating) Ponzi schemes over the years.  Their secret?  "Never get greedy."  Good luck with that philosophy in this market where 99% have never cashed out and will the ones that are burned in the end.

No, the company and managemet of bitcoin is legal and follow the compliance of the law. Therefore they are accredited by the government to have authority to operate in this kind of industry.

It is good to see that nearly everyone involved in bitcoin has an opinion about it. I kinda have the view point that people that are bitter about bitcoin and calling shenanigans just didn't buy in at an earlier opportunity.

If you feel that it's only about the price of Bitcoin then you are correct.
Bitcoin is a program that is trying to influence the usage of electronic payments.

I have never read so much bullshit in such a short paragraph in my entire life. I leave the psychological terrorism to you whilst I keep enjoying my Bitcoin profit!

If you think Bitcoin is ponzi then don’t invest by all means. Are you here to troll and to spread hate? Get a life and go spend your time and effort on something you like.

Ong please leave. Why are you here. Not be wants filthy believers. Why you here if that's he you feel. Why must you insult people are you jellous because you still poor and some of us have more Bitcoin then you ever made in your life? Sounds like jealously. Also do you even know he a Ponzi works? If Bitcoin is a Ponzi then so is everything else. Please think. You must be so clever to have figured it all it wow.

I am a self-made multi-millionaire through a well paying day job (M.D.) and income producing real estate. I own some crypto just for fun, but I'm not sure I see the utility.

USD $ enables me to buy real estate, which produces INCOME. Crypto will never produce cash flow. Therefore, I don't YET see it as an investment. I also cannot buy a plane ticket, car, or condo with Bitcoin, so its not a currency either.

Crypto is about 0.5% of my portfolio, but so far, its been slow at producing any WEALTH. You still have to find someone to give you useable money for Bitcoin, and Coinbase charges $40 for me to pull out $3000 of my OWN Bitcoin.

No, bitcoin is not a ponzi scheme. Bitcoin is a legal company which follows and complies all the requirements required by the jurisdiction of the law.
Therefore the government accredited them as a legal company and has authority to operate in the industry.

Bitcon is not a ponzi scheme this is real money in face of    degital curency

bitcoin is first concept of cryptocurrency, bitcoin is a king of all cryptocurrency markets bitcoin is not a ponzi scheme.

More like a FONZI scheme
 :D

I would like to become one of the early adopters. Where can I buy this Bit Coin? Can I pay with Bitcoin?

How many topics are there in bitcointalk.org that says the same thing? And every one was met by hostile reactions. Ok, if you say so. I respect your belief. Dont’ invest in bitcoins. Go around town and spread the word.

Your advice is too late for me. I've already got rich.

not really. but it could make you rich if you buy now :)

People always think bitcoin as a ponzi scheme or scam. I have several friends who thinks bitcoin is a scam, and I cant blame them because my first impression before was the same. But if you study carefully, its the technology behind this cryptocurrency that makes it stand out. Think always associate bitcoin as an investment scam which is very far from it. I think we need to educate this kind of person so that their view may change.

You say it's faith based but how is that different than any other country that has its own currency? Dont you put your faith on that country when you use their currency?
What happens when that country ruins its own economy through endless corruption ie Venezuela?. Your currency becomes worthless because your bank decides it's a good idea to keep printing new money. In the case of crypto, no one can print new money. You only worry about whales.

Im not saying bitcoin is the solution to greedy and corrupt banking systems, im saying it's a start. As long as it's a solution to a problem it has value that's beyond "faith-based".
 

I agree with the above opinion. I think as long as can give profit to me, I will use it and if investing study wisely so as not to fall.

Bitcoin is not a Ponzi Scheme, if you say that bitcoin is a Ponzi Scheme, Stock Market will go the same way, because almost have the same rules, and that rules are the demand and supply. Bitcoin increases it price because more and more people are what to buy it, unlike the Ponzi Scheme that only trying to invite people to buy a token so that they can give money to others.

I guess that is where faith in a better world comes in. I have no desire to see another man do that to himself. I just want a better world for us. Where we can all prosper. I want humanity to win for once .
A better world is one where people put in the sweat and hours to make it better.

BTC is not a utopia. It will make a few rich and it will be built on the misery of many, many others.

Bitcoin is not a ponzi scheme but you would be surprised by the amount of people who believe it is a ponzi scheme. A lot of people just believe it is a scam and refuse to be convinced otherwise.

I think he wants to say that there are alot of ponzi scheme that are related about bitcoin. if that so yes it is because who knows people will get more attracted and eager to get in easy way..
it depends on us. because bitcoin price was so high there will always be a threat or scam if this will but we can assure that if you just storing coins and be caereful on sites that are very obvious a scam or what,.. okay??

if bitcoin was a ponzi scheme, it would vanish in this world already. Do you think ponzi scheme can survive long ?
bitcoin has very limited supply, and the demands keep increasing. Thats why bitcoin price increased very high.

Bitcoin is not a ponzi scheme because it has limited supply and the technology behind Bitcoin, aka the blockchain has helped to decentralize a lot of Industries, can make both private and public sectors more transparent and take away red tape and corruption. You are not just buying into a digital currency you are purchasing into a technological breakthrough. Also this is called economics, which is ruled by supply and demand, nothing to do with a ponzi scheme. A ponzi is when you are buying into thin air.

If you this is how you truly feel why not post to another audience that will listen?
Maybe you can change their minds or something since mot people here are PRO BTC.

Dude are you out of your mind or what. Just like paypal, paymaya and other digital currency and even creditcards. we all agree that the digital money on them has a value. Bitcoin has a proof of work, confirmed by miners. Besides what are you doing here in the Bitcoin forum.

Every project needs time to prove its authenticity! Bitcoin, too, needs a lot of interest from members and investors, but overpricing is not good! (this is my personal point of view)

maybe soon you get a negative trust from the moderator, because your speech is like his hate speech against Bitcoin.

then why are you in this forum to say such negative words?
This forum is specific to people who are positive about Bitcoin.

 I feel sad for you. . You should know more about Bitcoin what is it?

Bitcoin is a free software project without central management, so no one can make a false statement about the return on investment. Like other major currencies, such as gold, the dollar, the euro, the yen, and so on, bitcoin does not guarantee purchasing power and the exchange rate is freely floating. The resulting volatility makes it impossible for bitcoin holders to predict profits or losses. The fact is that bitcoin is being used by thousands of users and businesses because of its useful and competitive nature.

The Ponzi scheme is a typical scam for the demolition of the Western Wall to fill the Western Wall with new funds to guarantee the interests of the elderly and thus expand investment fraud funds.
Obviously, Bitcoin is not. Bitcoin is a cryptocurrency (you can understand it as currency). The Bitcoin system itself is similar to a bank bookkeeping system and is a payment transaction system.

To thus who hate bitcoin I think they are a victim of a ponzi scheme scam using bitcoin. Bitcoin itself is not a scam it is a cryptocurrency, study first about bitcoin before you hate it.

how can you say Ponzi is out there a lot of big companies who support Bitcoin, just like its Microssoft, Intel, NVDA, ASIC.

that's why Bitcoin can not be said Ponzi, maybe you are reading less articles about Bitcoin so much you learn about Bitcoin again.

Well there are many people talking negative feedback and comments on bitcoin but some of them had realize and change their minds which means they are now accepting and embracing bitcoins and other cryptocurrency. I know that there are many and i am one of them. I really never thought that this is working and right now i am enjoying the benefit of cryptocurrency has to offer.

if you hate bitcoin, you should stop wasting your valuable time and energy on it, please go back to whatever you really good at - that will help you grow up.

Why do you think that we are towards the end of crypto or bitcoin. Th concept is still very new and there is huge scope for further growth.

Bitcoin itself isn’t a ponzi scheme but the bitcoin service providers or sources could be ponzi. Those people don't understand about bitcoin.  Bitcoin is not only money,  it is an amalgamation of money, economics, psychology, philosophy, and maths.

If one feels bitcoin is not a ponzi scheme that person actually does not belong here cause i have my testimonies to share about the benefits i have received on bitcoin its no ponzi scheme if you do not understand how it works please make your researches and ask more questions thanks.

I really hope not, I just entered this world and I would not lose money

Bitcoin is not a ponzi scheme, the reason some people classified it at such is because of the volatility nature of of it.... Am sure when there is more regulation,it will be fair and stable a little bit..

no, bitcoin is not a Ponzi scheme. First, there is no regulatory center in it. secondly and in the main, this is a group of people building a new economy that can change the financial system of the whole world. The Ponzi scheme is a zero-sum game, and its founders convince investors that they will make a profit. and those - each next who will enter.

Oh boy if you don't believe on bitcoin and you think it is just a ponzi scheme "why you are still  here in the forum?". You know what makes bitcoin looks like a ponzi scheme because of some scammers that make use of bitcoin to scam people.

I like a ponzi scheme bitcoin  because I earned extra money out of it.  ;D

There is still downtrend on a market.. peopel are saying this is bubble or ponzi becouse of this. Way 2-3 months and they will be joining to us, becouse they will start see a potentional and that bitcoin is usefull in real life.

First of all, I just want to share to everybody here the definition of "Ponzi Scheme" because I guess you have a misconception on that matter. I want to quote from INVESTOPEDIA : "A Ponzi scheme is an investment fraud where clients are promised a large profit at little to no risk." Take note of the following:
 - When we buy Bitcoin nobody is promising us large profit.
 - Nobody says that when you invest on Bitcoin there is no risk. We all know that Bitcoin is a cryptocurrency which is volatile, so risk is involved.

Second point, Bitcoin is a VALID Currency. Let us read what wikipedia says: "A currency in the most specific use of the word, refers to MONEY IN ANY FORM when in actual use or circulation as a medium of exchange. We use Bitcoin to trade and buy commodities.  If it is not a valid currency, then we can't do those things.

Third, where does Bitcoin gets its value? Same with the USD, based on the demand. Take note, BOTH Bitcoin and USD are currencies NOT BACKED UP BY PHYSICAL COMMODITY.  Both their values are derived from the relationship between supply and demand. So, both currencies are faith-based.

Finally, I would say that the Bitcoin supporters don't need remedial education...

Just my thoughts... Thanks

It is true that new investors will not make as much profit as the early adopters. But that does not mean it is bubble, it is very much real with real life applications.

How will bitcoin be its own currency without the use of fiat.. without it using fiat currency to drive the price up?

You are right, or maybe they bought bitcoin in high price then bitcoin dropped so they sold it with low rate. Also some fud people really spread bad things about bitcoin.

Lol I think it's just speculation from haters right? even bitcoin system is very different with ponzi, no reset, no scam, and so forth.
pure bitcoin as currency and investment commodities that have fluctuating prices, but that fluctuation does not mean it is a ponzi system

totally agree, the OP is so technically misinformed and stupid its not even worth the space it has taken up. I'd say he's merit fishing in the wrong pond.

The value of Bitcoin is currently due to investors! not real value! It takes a lot of time to develop and build the community and influence the international payment system!

bitcoin instead of bitcoin ponzi scheme is more likely to buy and sell just bitcoin actually does not introduce ponzi, which makes bitcoin into ponzi scheme is irresponsible person so they involve bitcoin in their game.

Bitcoin is "neutral", so I do not agree nor disagree with the OP. If we use it as a Ponzi scheme, it can have some characteristics of it. ;D

Well, "nobody" is false, unfortunately. Before Google and Facebook banned cryptocurrency ads, I got a large amount of ads trying to get me into buying Bitcoin or $Altcoin, promising me to become a millionaire instantly.

One could say that Bitcoin sometimes works as a "decentralized Ponzi". There is no centralized party that profits from it, but multiple early adopters or "buy-low-sell-high"-speculators ... in this sense, the OP is correct. So don't be naive: Most of the bulls that are talking about a $1M Bitcoin are wanting to sell their coins to a greater fool. This is very similar to ponzis.

But ...

That is the idea. And thus, Bitcoin may have some Ponzi'esque characteristics, but it is not only a Ponzi.

Time will tell if we can break out of the speculative boom-bust-cycle which makes BTC appear like a Ponzi, or if we can make Bitcoin a real success as a currency. As of today, it is uncertain.
Idem.

Well you may be right on the fact that bitcoin does not have the legal backing just like the dollars and  people are not compelled to recognized bitcoin but the fact still remains the same that bitcoin is not a ponzi, bitcoin has survived more then the life Span that any ponzi scheme can survive. Bitcoin is a store of value and despite the fact that bitcoin is not supported by the authority it will still survive and keep serving the needs of our financial life.

Dude, you are in a wrong place, it's not a Ponzi scheme. Just because some people use bitcoin for Ponzi schemes we can't blame onto bitcoins because Ponzi schemes started with fiat currency and then came into crypto. I prefer you to first learn about blockchain technology before flaming in a public forum.

A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new investors’ funds to pay the earlier backers. For both Ponzi schemes and pyramid schemes, eventually there isn’t enough money to go around, and the schemes unravel.

Absolutely nothing about Bitcoin is a secret. It is one of the most open technologies in the world. It’s open source, anyone can review the code, anyone can contribute to the code, anyone can run the software voluntarily and participate in the network, and anyone can use the network without permission.

The entire history of all Bitcoin transactions is visible to anyone in the world too.
It’s a total paradigm shift from any kind of financial system in the history of mankind. It’s the total opposite of a fraudulent investing scam, which is shrouded in vague promises of high returns with capital inflows and outflows that are kept in a secret ledger.

Bitcoin doesn’t generate returns. It’s just software. The price of Bitcoin is directly correlated to its scarcity and demand. The demand is not forced on others, nor do Bitcoin’s biggest proponents go around asking people for money and telling them to invest more into Bitcoin. New users that join the Bitcoin network don’t fund the older users with new money. Not at all.

I tried to read what you wrote. There are some things that are logical in your presentation, but I think you have a problem in nature. Bitcoin is not Ponzi. The nature of Bitcoin is built on the blockchain chain. It is possible to analyze and exploit Bitcoin at a different value, but the nature of Bitcoin is Blockchain. If the things I share are not correct then I would love to hear your opinion.

Op said that fiat has value because it is recognized by the law but then he questioned bitcoin having value. So fiat is actually worthless if the law does not recognized it and it's just basically a paper that anyone can make. Fiat has much more flaws than btc so reaserach first before bragging.

you just understand less about Bitcoin and other crypto currencies. how do you understand about paypal, payoneer, skrill. it's the same as a digital currency like bitcoin. just a little difference, they all have a centralized system, while bitcoin does not. but Bitcoin is appreciated by the otang people in the world. of course who knows the technology. while the USD money. appreciated by the government and can not be changed. I think Bitcoin is a commodity. because the same as gold, silver etc.

Your purported most intense superpower is as of now confronting challenges from all around the globe. In addition on the off chance that they are such a ground-breaking nation why have they not possessed the capacity to prevent any such cash from developing. Bitcoin has develop a significant circumstances I don't think Donald trump is that doltish that he hasn't generally seen such thing? Trust me no support will do anything when individuals feel themselves unreliable in their own nation. Bitcoin is how they are attempting to discover some flexibility

Bitcoin is not a ponzi scheme, it's a real digital currency that is here to stay, it will be accepted by all...

Multi-level financial mobilization is a form of fraud that combines the Ponzi scheme and the power of a multi-level model. As a result, the network business also enjoys the reputation of it. And I assert that bitcoin is not the same as ponzi

Every Ponzi scheme operates a pyramid system with no intrinsic value.  Bitcoin is not like that.  Bitcoin is a currency, it's can be used for numerous stuffs and also a store of wealth

its not a ponzi scheme, bitcoin is decentralized currency that is real and confirmed,cant be compared with ponzi  scheme thats not reliable and trusted.

Bitcoin is and was never a ponzi scheme many people have proven that. If bitcoin is a ponzi scheme then bitcoin could have die out years ago yet more and more people are buying and using it. Bitcoins popularity still increases and people are still crazy about it while you are still hating on bitcoin instead of enjoying its benefits.

bitcoin is not a ponzi scheme because there are managed by ssytem and very tranparent for all user, but in this world the bitcoin is used by bad people as the media to makes a ponzi scheme, because bitcoin is the one platfrom that has the good system, so they can use the bitcoin easily to use it for their ponzi system application. so we need to be careful if we want to invest in a web with bitcoin payment, maybe that investment program is the one of ponzi scheme

The question you asked is currently No, is the answer, because bitcoin is a digital currency that is used for buying and selling of goods and services, which perfectly working online, therefore all depends on you, if you want to use it for Ponzi scheme to earn money

People who think that BTC is a side scam are just ignorant and short-sighted.
BTC has created tremendous value on a global scale, with thousands of startups and businesses creating tens of thousands of jobs that provide value to users, infrastructure, hardware, software and applications.

LOL... I am surprised to see a user of this forum saying Bitcoin is a ponzi. This really show a little knowledge of Bitcoin and block chain technology. BTC is not a ponzi  a real technology.

then ? why are you discussing here? what's in it for you? or you lose big and then depression?
I think you can learn the history of bitcoin from the first time it was created. this discussion has greatly evolved over time to say that bitcoin is a ponzy scheme. and it was very wrong.

bitcoin is a currency from the simple fact that you can buy things with it or trade it for another coin if you want just as you do if you buy something in another country that use different currency than yours. with your logic everyone who use dollars or any fiat money is being schemed cause he trades something with actual value(like food) for something with no actual value like the dollar. and no, "required by law to recognize it's value" don't mean much when people realize that they can't buy what they actually need with the fiat currency(with the "real value") and you can see it in countries with fiat currency crisis like venezuela and iran. in the previous decade there was also the example of the Zimbabwean dollar that lost all of its value within a few years and turned into nothing but a piece of paper you can only use for wiping your ass.
the country can only promote the fake value of the money but at the end its value becomes just as fake as any other coin whether it is a fiat coin or cryptocurrency cause you can't do anything with a piece of paper called a dollar other than trading it for something you realy can use like food or a car.

"imaginary currency that only exists virtually", when you look at the numbers in your bank accounts and see something like 30000$ in the account what do you think this number represent? a vault in the bank full of dollars with your name written on it?, nope, they are just "only exists virtually" cause all the banking systems works with computers.

cryptocurrency skeptics like you tend to forget(or not bothering to know)what the "real money" is and how its work.


but bitcoin can be somekind of a scheme if you only want to use it as an investment and expect its prices to get skyrocketed again and again and make you rich, many of those people are actually more like you cause like you cause they don't see bitcoin(or other cryptocurrencies) as currency at all and only see it as an investment or scheme they can use to make money.

How about you..? why are you here? if you want to make aware of the crypto community. I think you will be aware of crypto and its network. you are right the USD currency is valid. but Bitcoin's goal is to make it easy for a payment transaction, fast transfers between countries, and most of all transparent transactions and small fees. whether USD can do this. how can someone send $300 million with a $0.04 fee. can the central bank do that.? no. only bitcoin can do that. and this is the solution everyone is looking for in the world. without a middle man. and USD or any other real currency can't do this.

If you think bitcoin is a ponzi scheme,  you either don’t understand cryptocurrencies and the blockchain or you don’t understand ponzi schemes. Some people see Bitcoin as currency, just as they see the USD, EUR and YEN as currency. They use them all for that purpose. Bitcoin is money, nothing more, nothing less.

In the sense of the ponzi scheme, the products people buy and invest in are worthless, but do you think the BTC is something without cost or value? If you think so, then I really can't refute you. :-*

Calling Bitcoin a Pnnzi scheme usually stems from jealously of not getting in early enough.  There will always be people that got in earlier than you, so it shouldn't be reason to call something a ponzi.  I'm sure people wish they bought Amazon under 10 dollars a share but it's still a good investment to buy just like bitcoin.

The Ponzi scheme is an investment fraud activity that pays profit to investors of their own money, or money already paid by the previous investor, and not from the profits earned by each individual running the business. The Ponzi scheme is designed to collapse on the last investor funding when the number of new participants is not enough.

No bitcoin is not a ponzi scheme, its a crypto currency, a decentralized blockchain.

Bitcoin represents a completely level and fair playing field because the economics of adoption and growth cannot be controlled by anyone. It is certainly a lot more durable and trustworthy than governments, Bitcoin is the future of money, Government are recognizing that widespread use of cryptocurrency presents a far bigger opportunity than a threat.

The simple answer I have got for you is that you study the bitcoin whitepaper and the other meaningful cryptocurrency documents an see for yourself the error you are in. Then you should understand that no scam no matter how foolproof is guaranteed runs for 9years and counting. Consider the scams and ponzi  schemes and even the dotcom bubble and see how long they ever late? It might interest you to know that the banks that want to have a slice of the cake are seriously giving the bitcoin a little more respect and consideration, because it is the currency for the future.

A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors.”

If you have not read the original proposal paper of Satoshi Nakamoto published in late 2008, you should. It’s eight pages long, quite technical, but is not too hard to digest. You’ll notice that never in that paper does it mention any kind of return on an “Investment” in Bitcoin. It never even mentions a price for one Bitcoin.

Bitcoin is not a ponzi scheme. This is a misconception by so many people who believed Bitcoin to be a pyramid scheme like some other platforms that have taken their money away based on certain returns.

However, it changed many lives today, and many people are working in blockchain sphere making there money invest things and making there life level increasing, so I'm thinking that bitcoin is eventually positive.

Thats not actually fully correctm Bitcoins are not a ponzo scheme and they too can be much profitable as compared to normal currencies like USD, etc but i guess that they can soon gain some more popularity and legalisation so that it is accepted by the community as a legit mean of payment and then we could see a better future of bitcoins.

Let us try to divert our issues to certain truths. This kind of post usually comes trying to explain reasons about false claims. If Bitcoin is a Ponzi scheme, then Bitcoin will not be still in the market; although its price decreased a lot of sum, still it is not enough reason for us to develop this kind of conclusion. It might just add to the discouragement exposed by other “experts” (Hippocrates) down there. We are not poisoning the minds of people who want to invest, but rather a development of opportunity and help.

If you would ask, where would help be if you lose a sum or even thousands of money in BTC? The answer is simple, stop – stop providing negating information about bitcoin because it will not help. Leave this stuff for risk and opportunist individual.

Everybody has different views about Bitcoin, I have some friends who think that bitcoin is a scam, and I can not blame them because my first impression was the same.

Some early users have large amounts of bitcoin because they take risks and invest time and resources on unproven technology, which is very similar to investing in the early stages that may provide value as usefulness and popularity or even never become anything. Bitcoin is still at an early stage, and has been designed for long-term goals. It's hard to imagine how Bitcoin benefits the early users, because today's Bitcoin users could be early users in the future, or not.

How can you say that, did you find any referral system in it or did you find any product we have to sell to the others. Bitcoin is an investment like share market which will help to make money when the price of Bitcoin increases.

Bitcoin is not a ponzi scheme, the reason most call it such its because the price is volatile which makes it changed every moment and that the way ponzi works where you can loose.

There is something that makes you absolutely trust. No one can give us absolute confidence

No it is not a ponzi scheme. Ponzi scheme requires users to add more users and pays them for this, no such thing with bitcoins.

some people look at everything as a ponzi scheme. everyone is trying to trick them and those people don't really understand how crypto works let alone life.

Whether it's a bubble, a ponzi or whatever you call it, I don't care, the fact of the matter is that it does what I need it to do and costs me way less than fiat would for the same purpose. I can transfer value across oceans in minutes and it costs me a couple of dollars or less. Everything that has value has value because people give it value. Cryptocurrencies are here to stay and there is nothing that you or any like-minded people can do about it. If it was garbage, governments wouldn't be paying the attention that they are paying to crypto right now.

Your negative thinking goes so far as to get to the Ponzi scheme for fraud, but maybe you should understand more about what is Bitcoin.
If Bitcoin is Ponzi Scheme maybe about 2 months also have no longer its story, while this still stands from year 2009 until now.

Likewise if Bitcoin Scheme Ponzi may be I when creating this Bitcointalk account from the first was not using it anymore.

I'm sure people want them to buy Amazon under $ 10 a share but it is still a good investment to buy something like bitcoin. The Ponzi scheme is designed to minimize capital investment when new entrants are not enough.

Pyramid schemes work on the idea of trickle-up shares, where you sell something, but someone above you takes a cut, and someone above them takes a cut, until you reach the top where one or a few people are taking a small cut from everyone selling on the bottom. You also get a cut from those under you, and from those under them, continue ad nauseum.

Bitcoin has no pyramid structure to talk about. Where the gains come from is in the limited supply of the coins, so that the more people who acquire the coins, the more valuable each coin becomes because the supply gets rarer.

I actually think it is a Ponzi Scheme. Yes, you can separate Bitcoin from all Altcoins and the ICO fever, but they are Bitcoin’s renegade family and the father is silent.

please learn more about bitcoin before saying something.Yes,  this is the forum for people to talk about bitcoin but you are totally wrong when you said; " Bitcoin is a Ponzi Scheme "

This has to be a troll thread. Bitcoin is the first cryptocurrency that brought blockchain technology to the world, so dismissing it as a mere Ponzi scheme is misinformed at best. Bitcoin is highly sought after due to its built-in scarcity and transparent ledger. This is very unlike a Ponzi scheme.

Dont mind that loser mate,i believe OP is a frustrated trader that has been losing since he entered cryptocurrency lol

Bitcoin itself is nothing but the technology behind this is everything,in future even OPs grand grand grand childrens will use this and maybe hes entire family.for hes information so he may stop making kinda thread

Bitcoin is not ponzi ans cant be compared with such, though its both risk in investing but btc is a real digital currency backed by people using it.

If Bitcoin is a Ponzi scheme, Bitcoin will no longer be on the market; Although its price has fallen sharply, there is not enough reason for us to develop this kind of conclusion. We do not poison the minds of those who want to invest, but rather develop opportunities and help. The answer is simple, stop - stop providing negative information about bitcoin as it will not help. Some early users have large amounts of bitcoin because they take risks and invest time and resources in unproven technology, much like early investment that can bring value as property. Use and disseminate or even never become anything. Bitcoin is still in its infancy and is designed for long-term goals.

Is the two different technologies, more bitcoin is the technology.
Bitcoin is the currency, how it can be scheme ?
Ponzi schemes can be reallized on bitcoin currency but this is not doing btc ponzi

It's hard to imagine how Bitcoin could benefit a user soon, because today's Bitcoin users may be early users in the future. I can pass the value over the oceans in a few minutes and cost me a few dollars or less. Electronic money is here to stay and nothing that you or any other like-minded person can do.

Shall i force myself to grin, smile, or laugh upon reading this topic? Well, bitcoin can never reached its success today if it's a ponzi or a scam since from the beginning because no one will going to invest on it too. As a proof, there will be no country will going to legalize it, IMO.

Bitcoin is definitely not a Ponzi scheme because after you've acquired bitcoins, there is no promise extended that you can redeem them for any value and there are no dividends paid to those who hold bitcoins.   Bitcoins are traded, so the exchange rate can rise or fall, so there are those who will buy or sell bitcoins to speculate on the price.

It's a sure thing that no people will believe and will make their own loss with the behavior they do.

Electronic money is here to stay and nothing that you or any other like-minded person can do. Pyramid schemes work on the idea of a small stake where you sell something, but someone above you is cut, and someone above them is cut, until you reach the top, where One or a few people are chopping up everyone selling at the bottom. Bitcoin has no pyramid structure to talk about.

But just like musical chairs, if you get out early - you still win!

Ponzi schemes are only bad for the stupid suckers left standing when the music stops.  Bitcoin is the same, if you 'Hodl' like a fucking moron, you are going to stop hearing music one day and then you will know you are well and truly fucked.

Bitcoin is not a ponzi scheme. Its price is based on the law of demand and supply. Bitcoin never promised that you will earn money from it or satoshi didn't mentioned in his proposal that Bitcoin will be an investment. Due to the volatility, people took the advantage to earn money from Bitcoin.

In my opinion,if you say that bitcoin is a Ponzi Scheme, the Stock Market will proceed in the same way,because it almost has the same rules,and that the rules are demand and supply.Bitcoin increases the price because more and more people are buying it,unlike the Ponzi Scheme that only tries to invite people to buy tokens so they can give money to others.

This is so unfortunate, bitcoin can't be a 'Ponzi scheme'. Bitcoin has stood the test of time. Over the years many people have spoke against bitcoin, but the world of crypto keeps going higher. Bitcoin is here to stay and very soon more people will appreciate this amazing crypto.

This topic was started November 17 last year. I wonder if the thread-starter still thinks that bitcoin is still a Ponzi Scheme. I wouldn’t be surprised if this person is into cryptocurrency now.  :D

I don't think so. Maybe bitcoins definition is very different on a ponzi scheme. In the first place, you are not ask for money or recruit someone to join bitcoin.

Often the news spread by people who dont understand about Bitcoin will undoubtedly lead to misperceptions, or maybe that is something else outside bitcoin. They never jumped into bitcoin and dont understand how it works

Musical chairs, isn't that the game where there are actually no winners and only just one loser? So, basically, you just need to be NOT the last one to "hodl" ;)

If you play a game, then you're a player. Then the game will play you. Then you will lose eventually. Even if you "get out early" you will get in again in another game, because that's the mentality of a player who likes to play games.

But if you're actually using Bitcoin like many people actually are (gasp!) then it doesn't matter if the music stops or whatever, they already got what they needed and wanted from Bitcoin. The peer 2 peer payment system without a 3rd party trust.

Works for me, works for others. None of us are playing a game.

Why not tell that to the Japanese since they adapted this coin heartedly to the extent of using this as legal tender,in short same functionality with Yen?

Another thing after what you have cried,now why still living here inside the crypto of bitcoin is totally nothing?Lop tell that you your mothers ass stupid

What are you doing here then if you think bitcoin is ponzy scheme? Bitcoin truly can turn to ponzy only for those people who invested in bitcoin and waited too long that it simply disappeared. There are many reasons for that: total ban or just replacement by something new. But this is only the future, the current situation looks like bitcoin gave a lot of opportunities to have some extra money to those who invested in it in the most beginning and cashed out on the top. But not only to those people, how many users of the forum took a part in signature campaigns, got payment and cashed out this money and spent for needs and having fun? I am one of them, last year I could renovate almost the whole house with the help of signature campaign earnings and high price for bitcoin. So, to me, to the person who cash out nonstop, bitcoin is not ponzy scheme.

Now it’s been a decade after the introduction of bitcoin to the world and in this decade bitcoin has proved its worth to be called as number one and in the present times we all know that bitcoin is a very huge and potentiating crypto currency and therefore there are millions millions of people around the world who are investing into bitcoin so I think morons are the people who are still calling bitcoin a Ponzi scheme and time will answer them all when they repent in the future.

If bitcoin is a ponzi scheme, it can last long in the market. Bitcoin is totally different from ponzi, please read more about bitcoin before saying something negatively about bitcoin

So what after?Do you think theres someone buys your stupid story?Lol

Bitcoin is a future currency and this will bring the future of technology to human race,things that has been denied from us by the banks and those you called computers nerds

But now because of bitcoin and all the cryptocurrencies innovating the world and no one can stop this from happening

Is it a ponzi or not? That totally depends on how do you use Bitcoins and how other people use you for Bitcoins. In the default core, Bitcoin isn't ponzi at all.

I think bitcoin is not like ponzi and bitcoin schemes are more likely to be digital currencies in general, there is no ponzi in bitcoin, bitcoin is a digital currency chain that does not implement profit referrals, it is only the result of several markets that provide referrals like that .

of course not. we know some people do use bitcoin to commit fraud, and well, I've also been hit with their tricks several times. but, I think, most of that is not a scam. I am sure, if you have followed the path, then you will know the scam or not.

It was more of a stated opinion, than a stated fact, don't take everything to heart. yes people should learn more before speaking, but this is a forum where we speak our opinion and discuss it freely.

Bitcoin is currently the most widely used currency in the world and it isn't a Ponzi model. Contrary to the Ponzi model, Bitcoin doesn't have a managed entity, no specific promise for profit, and users can start with a small Bitcoin without the minimum investment package. Although the Bitcoin network isn't a multi-level model, it should be clearly recognized that the subject can exploit Bitcoin for its own fraudulent forms as a form of payment or commodity.

In Ponzi schemes, business founders will convince investors that they will get a certain level of profit, while Bitcoin does not promise that kind of thing. There is no central entity; there are only individuals who run a decentralized economy. In the Ponzi scheme, the initial users (those who first join) will benefit from those who join later. While in Bitcoin, there is a solution for this. Early users benefit from increasing the value of bitcoin, while late users will benefit from a stable, fast and cheap currency. The fact that early users get more profits does not make Bitcoin directly a Ponzi scheme. All good investments in successful companies have these characteristics.

Yes

What changed your mind?

Was it libertarian YouTube videos?

In fact who or what gave you the idea that bitcoin is a ponzi scheme in the first place. I see a lot of people out on the street think that and I just don't get it.

bitcoin is not a Ponzi scheme, bitcoin just a digital currency as we know, and we can see there are many bad people that makes the bad HYIP with Ponzi scheme using the bitcoin, so bitcoin is not a Ponzi scheme, bitcoin just a media

don't say anything negative about bitcoin if you don't know much about it, Because it will affect to bitcoin's price. Bitcoin is not a ponzi scheme and they are totally different

In the past, people investing in gold even today are still popular, and because of technological advances, people are starting to be interested in investing in bitcoin, what is bitcoin? bitcoin is digital gold which is now popular as a promising investment but has a high risk

I wouldn't blame a mainstream investor for thinking bitcoin is a ponzi scheme.  It looks very shady from the outside; some guy is holding a million coins and they used to sold for a penny and then it grows to astronomical prices.

Don't worry I'm still a believer in BTC

How does it become a Ponzi scheme?
I think you're just a troller that spends all your time in trolling different kinds of forums all over the internet world as long as you have an internet connection.
Bitcoin is not even an investment and if you read Bitcoin's white paper you won't find any word about "investment" kinds of stuff. Bitcoin is decentralized and no one is controlling it even a central bank nor a government and only the majority of people using it decides what it will be.

He's just trolling around in here because his mom gives him the privilege to connect to their internet at their house lol. ;D Or he is just spreading FUD in this community to make the price of Bitcoin go down so he could buy at the dip. :D

I strongly disagree with what you say. if it is a bitcoin ponzi scheme, then now it will not get the loss of the people who bought it at the end of 2017. but in fact people who bought last year really expect the price to recover. if it is a bitcoin Ponzi scheme, then people who bought last year will not experience a downturn like this. in my opinion, you are carried away by emotions when you express your feelings. because you are not happy to see people who are lucky because they bought bitcoin when the price was very cheap a few years ago. you tell people not to spend their time speculating, but there are still many people out there who earn money because they speculate to trade. so in my opinion, all you say is nonsense and people won't believe your words.

Bitcoin is just made of 0s and 1s, I agree with some of your point but like a paper money or other physical currency, many people patronize and use it so it become valuable and use in every possible transaction

Cryptocurrency is more of a currency than Fiat. Fiat is backed by nothing but corrupted Governments that can fall at anytime, like in the recent cases of Venezuela and Zimbabwe. You cannot just print Crypto as you feel, unlike the money printing scheme called Fiat.

Thanks to you! You meant Bit Coin not $Bitcoin Because the $Bitcoin I know isn't a ponzi. I know a ponzi when I see one, $Bitcoin in the first instance, isn't structured like a ponzi. Ponzis are pyramid schemes where you take from Mr. B  and Mr. C and give to Mr. A, hoping that D and E and F and G respectively will give to Mr. B and Mr. C. I have a ponzi experience, and it wasn't a pleasant one, lost money there because there is no guarantee that when u pay to someone, someone else pays to you! But if you own a single $Bitcoin, there is guarantee that its price will go up, even if its in cents! Owning a bitcoin is like opening a shop and stocking it with goods in wait for buyers! Joining a ponzi is like being too generous to solve other peoples problems, while yours remain unattended to!!

in a ponzi scheme, there is a centralized account where each participants are require to pay into without the prior interference of a third party, that is not the case with bitcoin, as one distinctive feature with bitcoin is the decentralized nature it exhibit, a p2p system where a third party is involved. So it is very incorrect to say bitcoin is a ponzi scheme.

this world is a reflection of the virtual world / internet world. all have no value. who gives value is us personally. why is fiat more valid in the world than bitcoin, of course because it is protected by regulations. the government that makes, the government that oversees, the government that determines. what about bitcoin? yes as you say. only a bunch of nerds make and are rated by speculators. but why do they give value? because the technology defeats banking. but the government does not recognize that. whether the ponzi scheme is just your thinking. because you don't know more about bitcoin.

as long as i'm active in the world of bitcoin, price of btc is purely from demand and supply, so i think it's far from the ponzi scheme. as a trader, we can get a profit with time of entering and leaving market

I fully read your message, but did not see any serious statement that would confirm your statement that bitcoin is a Ponzi scheme. And you know, if that were true, it wouldn't have evolved to such a global scale for so long. So I think you're wrong.

I wonder why people constantly refer to bitcoin as a ponzi scheme bitcoin is a currency for God sake and it not a scheme bitcoin is different from ponzi as ponzi is not a currency or can not be send from one person to the other.

bitcoin has value because its supply is limited and mining activities to get bitcoin are not cheap
and mining makes data flows safer on blockchain, decentralized makes networks safe

Bitcoin has always been subject to negative opinions of skeptics, but it does not mean that it is true. Bitcoin continues to evolve, improve, and most importantly used in the world. And if it really was just another Scam, bitcoin would not be able to hold out for almost 10 years in the world.

Of course, there are different opinions about bitcoin and many allegedly authorities say that bitcoin is a bubble, Ponzi and so on. I don't believe that. Would big companies like Samsung, for example, or BMW, use it if it were a fraud? I don't. You're just another skeptic.

Bitcoin is a whole new digital system, it'll catch on and people will understand in the future the importance of a system like this.

Bitcoin is not a pyramid but an evolition of money. Even if there is no speculation with the price of Bitcoin, then it can be used for its intended purpose. The future of Bitcoin does not depend so much on the price as it seems.

I don't really believe that bitcoin is a ponzi scheme of investment because it is already the big thing in internet today. It's just a breakthrough invention of this era where more and more people are getting wealthy through it. Governments also using it and that's already a strong case that bitcoin is legit.

First you need to know that the ponzi scheme is like a 7 world wonder that is a handful to get hold of. In thinking what and how it spirals into something unfathomable, it gets tougher from there. In other note, Bitcoin is just a virtual money. Technological innovation, an investment and generally accepted to have same characteristics like a typical investment, so I don't see why it should be tagged as a ponzi scheme.

You thread so funny, bitcoin is very diffrent with ponzi scheme, ponzi scheme only give profits to early adopter and after 2-3 months even only a months will colaps because they cant pay member anymore. But bitcoin not like that, already exist about 9 years and you still think this is ponzi?? Bitcoin is cryptocurrensy, you must learn about that

Bitcoin is only made of 0 and 1, I agree with some of your points but like paper money or other physical currency, many patronize and use it so it becomes valuable and used in every transaction can. Fiat is backed by nothing but ruined governments that may fall at any time, as in recent Venezuela and Zimbabwe cases. Thank you! I know a ponzi when I see a $, Bitcoin in the first case, not structured like a ponzi. I have a ponzi experience, and it is not a pleasant person, lose money there because there is no guarantee that when you pay someone, someone else pays you! Owning a bitcoin is like opening a store and storing it with goods waiting for buyers! In a ponzi program, there is a centralized account where each participant pays without prior third party interference, which is not the case with bitcoin, since a special feature with bitcoin is the version. The decentralization it represents, a p2p system that the third party participates. This world is a reflection of the virtual world. Values ​​are personal to us. The government created, the government supervised, the government decided. Only a series of nerds made and evaluated by speculators. because the technology beat the bank. Whatever Ponzi scheme is just your thoughts.

Bitcoin isn't a Ponzi Scheme. A Ponzi Scheme is more like a 7 world wonder that ripples itself from just the very starting point. But bitcoin trade and exchange is more like an investment and it's guided by all basic rules of investment and also have all its basic features. A Ponzi scheme if logically calculated, can not have an end. It's more like the multiplication table, you have to add a part from point A to give to point B to satisfaction. And this is clearly not what bitcoin is.

If it is then it's an absolutely brilliant one-which i am sure unlike other ponzi schemes wont fold because it has run out of sucers to take to the cleaners. Perhaps it is perhaps it isn't but at the moment i will stick with it and wait to see what will develop over the next couple of years.   

Don't know how you manage to get 10 merit points, But it seems like you do not know anything about cryptocurrency. There is no middleman so we do not have to care about anything if nothing goes wrong without money will be fully our responsibility that how we treat the money or whom we sent the money we understand all the consequences and all the risk of managing our own money and not blindly trusting the banks or governments with our money. Bitcoin or any other altcoin is not a Ponzi scheme it was not even meant to be a currency which is it today, people started created it like virtual currency but it is just another digital payment processing system that's all.

Bitcoin being sustainable since more than a decade and in the year 2009 when bitcoin was introduced it was also called a scam or a bubble that would burst soon as that time also it was indigestible for the people that how could one currency be so beneficial then the very few who believed on it are now the bitcoin billionaires and since then millions of people around the world are now investing into bitcoin but still there are some morons who are still saying bitcoin is a Ponzi scheme and they are the biggest morons.

Of course there are differences between ponzi schemes and bitcoin currencies. Bitcoin is owned by everyone by buying or mining, and earning a profit from rising bitcoin prices. If the ponzi scheme deceives people with investment enticements but by providing benefits to the old members obtained from the registration of the next member. So it's very different.

I'm not surprised you calling bitcoin ponzi scheme ,there are still many like you out there with same mind set ,all you have to ask yourself is 'what is money? & what is bitcoin? What surprised me is you've been around since 2011 and you dont still understand what blockchain is.

Seriously please acknowledge yourself on the situation before making such claims, you obviously don't understand the value of decentralisation and it's application of distributed consensus. This is the core value why Bitcoin is valuable, not because it's a ponzi scheme or scam that is the easy theory that takes little intellect to form. Anyone can speculate but only a very little percentage make the effort to acknowledge.

If you aren't familiar, fiat currency can be created at any point in time without any signification to the subject's that use it. The monetary supply is always growing through money printing that is ongoing everyday of the year, if you look to some economies their currencies are becoming worthless. You may ask why? Hyper-inflation is why.

I hope you are having a nice day and if you read this, please re-evaluate your theory after some appropriate research.

Bitcoin is definitely not a Ponzi scheme. In mining bitcoin, you are providing service and you get the proposed value in return. When you've acquired bitcoins, there is no promise extended that you can redeem them for any value and there are no dividends paid to those who hold bitcoins.  Ponzi is a fraud, plain and simple.

so much of FUD here. maybe you should try to understand what is bitcoin and it altcoin.

it is true there are large number of shitcoin and scam coin. but it doesnt mean all are.

Lol...you are funny friend...money(fiat) is what it is today because we they people choses to accept it...fiat or money as you may know it is just a function of the faith we have in it...infact is even a bigger Ponzi Scheme!...something of value is supposed to be in limited supply...any day and any time, the US government and federal reserve can decide to print more money hence bringing down the value of it...bitcoin and crypto are different....they are all in limited supply!

You want to get attention or you're a fool? You say that bitcoin is a Ponzi scheme, showing your very narrow understanding. Did you know that in the world there are countries that view Bitcoin as a salvation to their economy. For example Venezuela.

I don't think you are still in this world and have this opportunity to make it in life but resist to join the moving glory and looking back to your account I can see you have great opportunity to have enough Bitcoin back then in 2011 that you joined this forum and be a rich person but cause of your sarcastic reaction you are missing it out and $100 then as a risk to test it would have turn you to millionaire in $ and sure you will rethink one day that you have missed agreat opportunity but it never too late to join.

I think most of those saying. That Bitcoin is a Ponzi scheme have little or no knowledge about the potentials of Bitcoin and how it works.
Usually, I 'm not one to take this set of people serious because taking them serious and trying to educate them about Bitcoin can induce migraine.

Their are people who do not have the true potential of it and just they only see the price drop form the high of 18k and feel it is a ponzi scheme as due to which price has fallen. But do not pay much attention to those guys and keep buying on the dips as market will recover and give you a good return.

Bitcoin and ponzi schemes are very different, ponzi schemes have an element of fraud because money to pay profits is taken from the next registrant. When no one else registers, the ponzi scheme will collapse. Whereas in bitcoin to get profit is from the difference in selling price minus the purchase price. So everything is open.

lol what?
am i tasting salt in the air?

I agree with you guys, this is the bitcoin forum and isn't cool to see bad comments about bitcoin, but at the end is a forum where users have speech freedom, and that create some nice discussions, would be really boring if all of the users here think by the same way.

So, if you don't like how a user thinks then share with him your point of view and let him talk as the way he wants.

Please don't take my comment rude, I am not being rude, but you really need to shake your brain, give yourself a kick and try to know about Blockchain and Cryptocurency in a proper way.

I think you are jealous of people who have long joined bitcoin, and you say bitcoin is a ponzi scheme. Your thinking is very superficial, you should know that not everyone who has long joined Bitcoin makes a big profit. If indeed they get big profits, maybe because they are lucky. and you should know that you can also use bitcoin to search early. If you say it is a ponzi bitcoin scheme, maybe no one will be interested. Because the Ponzi scheme the farmers will definitely be harmed. Try to think more clearly, and don't be jealous of others. You can still get results from bitcoin, if you really want to work and take advantage of market conditions to trade.

In all economic sectors use the Ponzi scheme to build their system. As major banks in the world also use Ponzi variants for making their banking system. Do not worry because Ponzi is a system that allows risk takers to find their own.

You just make yourself an enemy of this forum especially this subforum. So where does your bias lie in this space? I'm just wondering. Majority of the people here in crypto though think btc is lagging in technological advancement, you have to respect the first mover of this advocacy. If you just believe in your theory or just want to make a point just have some proofs.

Is it because of this decline that you think of bitcoin as a ponzi scheme, I think you are too panicked and see bitcoin from a negative point of view. Try to be calm, get rid of negative thoughts, I think your condition will be much better.

You are very wrong on what are you saying  bitcoin is not a ponzi if this is why are you here on the forum of bitcoin you are crazy man. You are one of those people who are saying bitcoin is ponzi but you are also using it I think you need to research more for you to make a realization that bitcoin is not ponzi and for you not to be a negative thinker.

All I can say about this is that bitcoin is not a ponzi scheme or whatever scam that you may think of because we all know that all the other crypto currencies out there nowadays are based on bitcoin and all their market values are also dependent on bitcoins market value and I personally earn a lot of me thru all those crypto currencies so I personally believe that bitcoin is really true and not just a ponzi scheme.

What's a Ponzi Scheme ? do you understand it ? if bitcoin is a ponzi scheme , do you think so many people have been fooled by  Satoshi Nakamoto ? no , I think you have some mistakes about the  ponzi scheme , you need to understand it  before posting this post .

What nonsense! You probably forgot that Apple and Microsoft were created by nerds in basements who lived with their moms? And now they are the main people of the planet. The value of the currency is its value and the ability to use in the real world to buy certain things. Bitcoin fully copes with this task by 100%.

I remember when i first heard about bitcoin and cryptocurrency, the first thing comes out of my mind about bitcoin is just a fraud and a ponzi scheme. However it turns backwards when i join this forum, i have read that bitcoin is real and not a ponzi scheme that many people thinks it is.

so far I have been in the world of bitcoin fine and there are no obstacles whatsoever, instead I thank Bitcoin, because as long as I play with bitcoin ... my economic life is more advanced and modern, far from the previous words. and what you need to know, the poverty rate in my country has decreased dramatically because the presence of bitcoin can change everything.

Needs to fully understand the purpose of this alternative currency so people who thinks that this still just a ponzi will know that there's real usage
it is just needed to be well adopted and well consume by major establishment and for sure sooner or later many people will start to adopt this system
it can help  a lots in term of payment transactions.

I think that the fact that thousands of people donate their USD, which the most powerful superpower on Earth uses and supports, for these bitcoins, which are popular only thanks to "some computer nerves living on their mothers' basements and Chinese speculators", says a lot.
We must take into account the pace of development of the world. The current monetary systems are already outdated and they cant be as convenient as cryptocurrency. Therefore, they will be replaced by crypto currencies over time.
There are also many people who disagree with the current banking system and how it works. Therefore, these people are happy to use and will use crypto currencies. And all this doesn't stop just because bitcoin came from nowhere, and USD is a world currency.

lol your accoutn has now 80 posts of shit against bitcoin XD
But why oyu wasting so much time here in the forum when you think its a ponzi ?


regards

You need to learn before posting, Ponzi Scheme is a form of fraud that tends to pay investors from a none existing  product, but pay profits to early investors, Bitcoin is a digital currency that has been in existence for over 8 years, which can be access globally, It's price variation is base on the law of demand and supply.

Hello dear poster I want to confirm if you are using an Android phone, if yes,  please go to play store and download OXFORD ENGLISH DICTIONARY  and check the real meaning of ponzi scheme thank you

It's a disruptive technology and those old people that has great control in the economics and financial world does not want to adapt to its new system. They hate bitcoin because they don't want to change the currencies that they own too much and they want it to stay that way because in fiat, that is where they are good at. It's time for change so bitcoin will stay and not just a ponzi scheme.

It is an investment in a new payment system. There is an idea behind it.

Certainly there will be setbacks, just as there are successes.
Some might even think: buy some Bitcoins and Co. and be rich at the end of the year. But that does not work.
In any case, I'm curious if I can still experience that certain crypto currencies find their way into the normal economy and no matter where accepted as a means of payment.

,
At the moment, the whole thing is just a gamble and now many fall back to the ground of reality.

Ponzi scheme and what is your mission here? Have you forgotten or you don't know this is the forum for bitcoin? MAybe you are here to say shit about bitcoin because none of your posts can cause panic among us. We all know what bitcoin is. You are not the one to teach us what it is.

And how do you expect people would believe you? Aren't you one of the suckers who were born after BTC became popular online? You are looking at the negative side of how people utilize BTC, but did you even try to look at the bigger picture on how it can help economic growth during the digital age? It is true that BTC is hurting right now due to its price being dragged down, but if you look at the other markets like stocks, everyone is affected. This is a game of survival of the fittest.

you could any other term to classify bitcoin with and i would have keyed into your idea, but a ponzi scheme is way way of the line. Like i think you really don't understand how ponzi scheme works, i will implore you to carry out some research about ponzi then come back here and i betb you, you will have a varying opinion different from the one you have now.

There is no proof to claim that Bitcoin is a ponzi scheme. The biggest evidence is the stash of BTC980,000 coins that belong to Satoshi Nakamoto. If this was a ponzi, then he could have sold all these coins when the exchange rate was $20,000 per coin one year ago.

I don't think so that bitcoin can be counted or called as a ponzi scheme because you can see why bitcoin should not call a ponzi scheme , and logically speaking though, why do people tend to invest all their money to some **** like that right?, and just wasting all their time without assurance.