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Author Topic: If you know someone that at some point told you bitcoin is a Ponzi send him this  (Read 1655 times)
Nagle
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May 27, 2014, 04:43:50 PM
 #21

Bitcoin is not a Ponzi. Technically, Bitcoin is a pump and dump.

Bitcoin is a tradeable security with no revenue or assets behind it. Like most pink sheet stocks.
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May 27, 2014, 05:13:09 PM
 #22

People who believe Bitcoin is a Ponzi are usually not willing to pay attention to a single sentence response disproving their statement, much less watch a full 4 minute video  Undecided

Bitcoin is NOT a Ponzi, but...
BTC does have some fascinating similarities to actual Ponzis and that is a primary reason why so many people call it one.
I'll never forget the first time I saw (on a "outside" forum discussion debating about Bitcoin) the phrase "Ponzi group think".
Anyone who believes we do not have a lot of Ponzi-like group think going on (especially during a strong Bull move) is completely blind or hopelessly in denial.

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