Well, technically the better comparison would be with a pyramid scheme, not ponzi, but since the names are often used interchangably i opted for that one.
People wo bought BTC for 1 cent made a profit selling for 10 cents, those made a profit selling for 1 dollar, which in turn made a profit selling for 10 dollars and those again selling at a 100 dollars.
Do you really expect this trend to continue unless BTC is going to have a real world value as a transaction medium?
The way you describe it everything with a rising price would be a pyramid scheme. Also Bitcoin already has some real world value due to it's utility, we don't know how much, but it certainly is not zero. |
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Don't worry, they are good at spending.
When they start using it, it will be gone in no time anyway xD
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Is Bitcoin a ponzi scheme?
At current rates it is easy to contemplate this. The same is true for basicly every "future internet company". The current state is simply, it could be usefull. But basicly no one knows what it will be used for. Thus, there is no definate answer to that question. The future has to decide on that.
Comments and corrections are welcome.
This question can clearly be answered. It's not a ponzi. It would be a ponzi if Satoshi would sell his Bitcoins and promise everyone that he will buy them back for double the money in a week. Then he pays back the first ones by using the money of new participients, allowing the system to be alive a bit longer. In a ponzi a collpase is unavoidable if the number of participients doesn't grow by a good chunk. Bitcoin could be alive if the number of users would be stable for a longer time, therefore it's no ponzi. |
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Ich verstehe immer noch nicht was das Gleichschaltungsgequatsche mit meiner Finazierung von Tatort, Musikantenstadl und Fußballweltmeisterschaft im Sinne der GEZ-Zwangsabgabe zu tun haben soll. Das ist Unterhaltung, wenn genügend Leute die haben wollen kommt die Finanzierung auch ohne Zwangsabgabe zustande. Um es noch ein letztes mal zu wiederholen Der Informationsanteil wie z.B. unabhängige Nachrichten hat durchaus seine Daseinsberechtigung in der Solidarfinanzierung. Das rechtfertigt aber nicht diesen riesigen GEZ-Apparat. |
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So you claim this website gives you 0.5 for nothing, if you send 10 Btc to them?
I call scam on that one, without even looking at the website.
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Just want to repeat this, because there were so many "investing tips" Also avoid Altcoins, Bitcoin Mining equipment and Bitcoin securities (unless you really know what you are doing) , most of them are more of a gambling, short term profits, unprofitable or just plain scams.
I agree with pedrog, be careful about that stuff |
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In den USA hat sich der Preis für Erdgas HALBIERT! Und hier heulen alle rum und demonstrieren GEGEN fracking. Aber andererseits demonstriert ihr gegen die hohen Energiepreise? Was wollt ihr denn? Es geht nicht beides!
Soviel Polemik in so einem kurzen Abschnitt. 1) Setzt du voraus, dass es sich hierbei in beiden Fällen um dieselben Leute handelt 2) Setzt du voraus, dass Fracking der einzige Weg ist die Preise zu senken 3) Zwängst du die gesamte Energieproblematik in eine simple Entweder-Oder Entscheidung, die am ganzen Geschehen völlig vorbeigeht und suggerierst dann, dass wir einfach zu blöd sind um solch eine simple Entschiedung zu treffen Gratuliere, du würdest wahrscheinlich einen hervorragenden Politiker abgeben. |
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yes, it will crash all the way down to Bitstamps level
Actually, it might crash a little further. When they solve the withdrawal issue, we'll all be used to see that 10-USD-difference between Gox an Bitstamp as "given". So, once Gox' price goes down, so will Bitstamp's. That could lead into a nice little flash-crash. But yeah, eventually it will level out and be done with it. Yes, there are people who will speculate and will try to sell and buy more, so it probably would go down a little further, but level out soon enough. I just wanted to say that I think the word "crash" is an exaggeration for this, if you remember Bitcoins past. |
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*seufz*  die Verkettung von mehreren Blockchains führt zum genau gleichen Ergebnis wie Pruning. Nein, eben nicht! Das spart viele Gigabyte/pro Rechner! Global viele Petabyte! Pruning kann man nicht mit neuer Blockchain vergleichen, das eine sind Äpfel und das andere Birnen. Die Blockchains sind ja eben nicht verkettet, d.h. man kann nur die Blockchain 3 auf seinem Bitcoin client haben und wenn man nur dort Guthaben hat, dann spart man Blockchain 1 und Blockchain 2, die braucht man dann nicht! Wie du selbst sagst, wird beim Pruning nur unwesentliches weggeworfen. Wesentliches kann man aber nicht wegwerfen, auch wenn man eine neue Blockchain anfängt..
Doch, man kann die Blockchain 1 wegwerfen, wenn man selbst keine Bitcoins darin besitzt. Gegen Blockchain 1 muss nur einmalig geprüft werden, nämlich wenn BTC aus Blockchain1 in Blockchain2 überführt werden. Wenn alle Teilnehmer ihre BTC von Blockchain1 in Blockchain2 überführt haben, kann Blockchain1 komplett entsorgt werden. Bis dahin sorgen die jeweiligen BTC-Inhaber für das Weiterleben der alten Blockchain + einige Server zur Sicherheit. Sorry, aber du hast es nicht verstanden. Ein erfolgreiches Pruning würde genauso alles Überflüssige entfernen wie die neue Blockchain, da diese ja genauso alle relevanten Daten übernehmen müsste. Diese Daten SIND die Blockchain, ob man da nun eine wegwirft und stattdessen ne neue nimmt oder aus der alten das Überflüssige entfernt ist völlig egal. Es sei denn du willst wieder bei 0 starten, das nennt sich dann nichtmehr Bitcoin sondern Altcoin. |
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yes, it will crash all the way down to Bitstamps level |
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What about investing in Bitcoin and not sitting on them and actually use them?
What investments are you suggesting? There are many traps in investing Bitcoins right now. |
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There is also possibility someone will steal site BTC, or the owner will steal it. Too risky in my opinion
Yes, I don't think it's a great investment (not the worst one though). The owner is quite trusworthy, but this is like medium-low risk (some from 3rd party, some from house loss die to the low house edge) and low reward. |
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Bitcoin is relatively volatile and risky in terms of investments. If you want to used bitcoins as an investment i would suggest buying and holding them as an investment at just-dice (or somewhere similar) where you would earn some interest. Though be very careful about where you hold your bitcoins if they are not just sitting in your wallet (and sometimes if they are......), get an understanding of the terms and conditions and know that the government has the power to tear down web domains and freeze company bank accounts in the name of justice if it deems something to be non-compliant. I would be especially wary of bitcoin securities any complex investment schemes. If you want a safer investment, try physical silver bullion, price is rather cheap right now.
Holding them on just-dice is like gambling yourself for a long time with the 1% house edge on your side. It's slightly more likely that you make a small profit, but you might also lose some. Volatility doesn't matter that much if you hold the coins for a long time and are not in a hurry to sell. Then you can sell at a time when they are up ^^ |
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wow..I have so much to learn and understand...
yes indeed, but it's worth it ^^ Also avoid Altcoins, Bitcoin Mining equipment and Bitcoin securities (unless you really know what you are doing) , most of them are more of a gambling, short term profits, unprofitable or just plain scams. |
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thanks guys..Birdy, could you explain a tad but about that? or point me in a direction..?
Sure, there are two things that make people lose their Btc often: - loss of the private keys or password to a encrypted wallet / writing down the wrong password To avoid those, you should have multiple backups (remember the private key is the key to your coins, so any backup will give access to the coins) - theft most likely due to a trojan/keylogger on your pc or the use of an unsecure online platform for smaller amounts or day.to.day use I would recommend the online-wallets blockchain.info or inputs.io for bigger amounts I would recommend using either cold wallets or a paper wallets Paper wallets are nothing more than the private key to an address written down or printed out on a piece of paper Best is you don't use a paper wallet address twice Cold wallets are the private keys (or collection of private keys from local clients like the wallet.dat from bitcoin-qt) saved on offline equipment This may be an usb stick, a laptop or sd card (or whatever) Very interesting is the possibility of the Armory Oflline Client that allows you to spend Bitcoin from an offline Pc/laptop |
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how about just investing in bitcoins and sitting on them...I know I'm a new b but I've been learning about this for the last month or so...I'm thinking of just taking all my spare money and buying every chance I get...any input is appreciated.
That's what already some people including me do ^^ Well, not all my spare money though. Make sure you know enough about how to not lose your coins when you put bigger amounts in it. |
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The appeal is that such a tax, if it is implemented before avoidance
is possible and there is a belief that it will never be
repeated, does not distort behavior I don't think this is possible, there will always be people who know about it before it happens and who are able to profit from this knowledge. Also most people won't believe that such a thing will only happen once, politicans have broken too many promises before. Also take debt down to 2007-level? That would probably just start the progress of building debt again. If you go to such length, why not kill all debt and don't allow it to be built up ever again. |
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Spiele mussten nie unabhängig und neutral sein. Es sind Spiele. Gleiches gilt für den Unterhaltsanteil des ÖR. Und wenn Wolfenstein dich auf Nazijagd schickt, dann ist das so extrem, das es in Deutschland nicht nur auf dem Index landete, sondern aufgrund der Nazisymbole der Handel unter . Strafe verboten war.
Wenn du also Beispiele bringen willst, dann bitte welche die unter den selben Unzulänglichkeiten leiden. Der Rundfunkstaatsvertrag wurde unter dem Eindruck der Nazidiktatur aufgesetzt. Hitler hat eindrucksvoll demonstriert, wie man ein ganzes Volk aufhetzen kann, wenn man die Medien unter seiner Kontrolle hat. Sicherlich ist das heute im Zeitalter des Internets ein wenig komplexer. Aber man muss nicht sehr weit schauen, um zu sehen wie es auch heute noch gut funktioniert. Daher ist ein Rundfunkstaatsvertrag grundsätzlich eine starke Stütze in einer Demonkratie.
Oder willst du wirklich lieber das Springer und Co die Meinungen in Deutschland kontrollieren? Die passenden gesetze haben sie inzwischen auf den Weg gebracht. Unabhängige Blogger haben kaum noch die Möglichkeit vom Geschehen der Zeit mit zu berichten. Ganz schnell sind sie abgemahnt und Zahlungsunfähig. Lieber Tatort als Bildzeitung
Ich finde es etwas unfair hier mit der Nazikeule zu kommen "aka oder willst du etwa ne neue Diktatur". Wie ich schon sagte "Der Informationsanteil wie z.B. unabhängige Nachrichten hat durchaus seine Daseinsberechtigung in der Solidarfinanzierung." das ändert aber nichts an der sonstigen Kritik, die ich an dem GEZ-System habe. Oder anders formuliert, nur weil es auch gute Aspekte hat, heißt das noch lange nicht, dass es als Ganzes gut ist. Der Abmahnwahn gehört btw mit zu den Dingen, die dringenst in den Sondermüll der Gesetze gehören. PS: mein letzter Tatort den ich gesehen habe, war Schimi als waschechter Ruhrpottbulle, danach gings bergab.
PS: Ich spiele keine Egoshooter, mag das Genre nicht |
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Good question! My main issue with bitcoin is the immorality of it. Explained simply: When my government issues new money, those money are used to run schools, build roads, provide health care , etc. So fiat money has some moral basis. When you buy bitcoins, some people get rich from that, nothing else.
Hm, I don't see why you couldn't buy schools and so on with a currency like Bitcoins. E.g. a state could decide to back up their money with Bitcoins. It's just that Bitcoin is too small for things like that yet, unlike state currencies it wasn't born with millions of users. |
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Personally I feel more like dollar and euro in their current form are doomed to fail.
Bitcoin is still very risky though, but I wouldn't sell all of them ^^
Neither the dollar nor the euro are going anywhere. They may/will fluctuate in value, but they're certainly not going anywhere. Notably unlike Bitcoin, they actually have something backing their value: Giant armies that will ensure that any land within their jurisdiction has its property taxes paid in fiat, and the ability to insist on paying all their government's expenses (which are huge, obviously) in fiat currency. So were a lot of the older fiat currencies that were killed due to hyperinflation in the past. Granted there will be something issued by the state to replace them then. |
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