2nd biggest ponzi scheme in history

[JimboToronto]

I think it's important to have people that have a different opinion.  I wouldn't want to ignore revans just Coz he is annoying and on the other side.( even if he's wrong).

+1

[over1977v]

Why does anyone need to cash out their bitcoins? Bitcoins can be used as currency, so why does anyone need to convert back to dollars? If everyone just stopped doing that, we would eventually end up with a bitcoin-only economy.

Because if nobody did that there would be no way for people to acquire Bitcoins and then whole thing would collapse. Are you really that dumb?

New bitcoins can be mined as well 

[JimboToronto]

there should be a system on this board that if more than 100 people have you on ignore you get automatically banned from posting anything.

And lose Chartbuddy?

If people choose to ignore other posters, that's their business, but I prefer to see what other people think or pretend to think.

I don't even ignore obvious trolls like Revans, EM or Walso. I use them as a source of humor.

[ElectricMucus]

Ponzi investments also "store money" btw. The utility is not tied to the value or even the ledger (Litcoins, etc..). Also that money isn't directly payed to late early investors is a mere technicality, that there is no middle man does not mean it's not a ponzi.

The only valid distinction is that the cashout/cash in is external on the exchanges.
Biggest pump & dump scheme in history how about that?

Oh and network effect? Well that's the thing where it works the same way like a ponzi.

[johnyj]

So which is the first biggest ponzi scheme, he never mentioned that?

It is US dollar after the gold backing is removed 1971, and that ponzi scheme has been running for 42 years