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Author Topic: WHY BTC is NOT a Ponzi scheme  (Read 917 times)
jubalix (OP)
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March 31, 2013, 06:23:02 AM
 #1

Ok I will start

[1] When the early high JINI sell out their large holdings the whole scheme benefits, and it would be good that you can get BTC a lower prices.

[2] A currency does not claim or set out to create value or be an investment return scheme. A currency is a mechanism to store, measure and transfer value efficiently.  The fact that the currency may also make a good return to some is a collateral benefit only. It merely indicates the worth of the currency itself as a currency v alternative currencies eg USD, gold, etc.
A ponzi scheme is explicitly about creating value, investment return.

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https://www.binance.com/?ref=10062065
Etlase2
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March 31, 2013, 06:29:49 AM
 #2

methinks the lady doth protest too much

Elwar
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March 31, 2013, 06:37:14 AM
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Bitcoin also does not ride a motorcycle and say "AAAAAAAAAeeeeeeee"

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
jubalix (OP)
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March 31, 2013, 07:38:11 AM
 #4

methinks the lady doth protest too much

Mayhap, but t'was to redress swarms of  pro-ponzi phampleteers, i did spill ink, press key

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