Fonzi scheme?

[LaggedOnUser]

I keep hearing that Bitcoin is really a Fonzi scheme.  Does that mean it has already jumped the shark? 

[1715274641]

1715274641

[Aahzman]

Aaaayyyyyyyyyyyy!

[C1D]

First of all its a Ponzi Scheme, and second before posting make sure you check the FAQ on the wiki before asking a stupid question like that!

[deadweasel]

First of all its a Ponzi Scheme, and second before posting make sure you check the FAQ on the wiki before asking a stupid question like that!

this.  read stuff before blathering.  we're all guilty of it, but if you start now, your future is bright!

[DannyHamilton]

First of all its a Ponzi Scheme, and second before posting make sure you check the FAQ on the wiki before asking a stupid question like that!

this.  read stuff before blathering.  we're all guilty of it, but if you start now, your future is bright!

It seems the sarcasm and humor went right over your head.

[zeroday]

Yes, I'm Mr. Ponzi and now I'm buying your bitcoins to sell it back to you at $300 in a couple of weeks

Right now it's falling to $15. Hurry to sell until it's at least $80.

[NewAgeCoins]

I keep hearing that Bitcoin is really a Fonzi scheme.  Does that mean it has already jumped the shark? 

coke -> nose -> keyboard

[RodeoX]

Well, I heard it was a potsy scheme.

[Hei_]

all of you are fonzies!

[DieselQ9]

This thread made me laugh  

[newman_justin40]

This thread made me laugh  

[C1D]

Hey, I'm gonna do you a favor and quote the wiki for you:

In a Ponzi Scheme, the founders persuade investors that they’ll profit. Bitcoin does not make such a guarantee. There is no central entity, just individuals building an economy.
A ponzi scheme is a zero sum game. Early adopters can only profit at the expense of late adopters. Bitcoin has possible win-win outcomes. Early adopters profit from the rise in value. Late adopters, and indeed, society as a whole, benefit from the usefulness of a stable, fast, inexpensive, and widely accepted p2p currency.
The fact that early adopters benefit more doesn't alone make anything a Ponzi scheme. All good investments in successful companies have this quality.

Now as the definition goes,

In a Ponzi Scheme, the founders persuade investors that they’ll profit.

no one is telling any one to invest in Bitcoins.
Also a small warning, don't go around to forums and start slandering them when you haven't even done research!!!!

This thread made me laugh

[DannyHamilton]

Hey, I'm gonna do you a favor and quote the wiki for you:

In a Ponzi Scheme, the founders persuade investors that they’ll profit. Bitcoin does not make such a guarantee. There is no central entity, just individuals building an economy.
A ponzi scheme is a zero sum game. Early adopters can only profit at the expense of late adopters. Bitcoin has possible win-win outcomes. Early adopters profit from the rise in value. Late adopters, and indeed, society as a whole, benefit from the usefulness of a stable, fast, inexpensive, and widely accepted p2p currency.
The fact that early adopters benefit more doesn't alone make anything a Ponzi scheme. All good investments in successful companies have this quality.

Now as the definition goes,

In a Ponzi Scheme, the founders persuade investors that they’ll profit.

no one is telling any one to invest in Bitcoins.
Also a small warning, don't go around to forums and start slandering them when you haven't even done research!!!!

This thread made me laugh

Can't tell if serious.  You do know who Fonzi is, right?  Are you familiar with the origin of the phrase "jumped the shark"?

Perhaps I'm the one who is not noticing the sarcasm in your posts?

You're joking, right?

[hughperman]

People not getting jokes on the internet? Ah, happy days!

[JoaoG]

Hail to the members of the First United Church of the Fonz.

[tehace]

In a Fonzi Scheme, the founders persuade investors that they’ ll all wear cool jackets. Bitcoin does not make such a guarantee. There is no central entity, just individuals building an economy.
A Fonzi scheme is a cool sum game. Early adopters can only profit at the expense of those without cool jackets. Bitcoin has possible win-win outcomes. Early adopters profit from cool jackets. Late adopters, and indeed, society as a whole, benefit from coolness of the jackets.
The fact that early adopters benefit more doesn't alone make anything a Ponzi scheme. All good investments in successful companies have this quality.

[Grox]

Hey guys, what is sarcasm?

[greyhawk]

Hey guys, what is sarcasm?

Sarcasm is "a sharp, bitter, or cutting expression or remark; a bitter gibe or taunt", usually conveyed through irony or understatement.

[jasinlee]