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Truth is, Bitcoin is still a ponzi pyramid, with 1% of the owners owning 30% of the coins...
It is of no concern to anyone if only 1% hold 30% of the coins, they are not profiting off you like how a ponzi scheme works, they are profiting off the market. If the reason you are not getting into Bitcoin is because you felt bitter of other people being richer than you just because they got in early, you are letting emotions cloud your logic+1 Fantastic response
I've said it before: any publicly-traded company is a 'Ponzi scheme'. People buy shares, the price goes up, the early buyers find their shares are worth more. But not everyone can get out at the high price. Tell it to BP, HSBC, Google shareholders.
The difference is that a Ponzi scheme is built on nothing but other investors. Where there's real IP and real value, it's a different story.
Does bitcoin have real IP...?
[Discuss. But not too long because the answer's pretty clear.]
1. Definition from Wikipedia:
Quote
A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator.
2. There is no operator in bitcoin
Therefore, bitcoin is not a Ponzi scheme
Q.E.D.
