YouTube: why BitCoin is not a ponzi scheme.

[jahabdank]

I made a video explaining why BitCoin is not a ponzi scheme. Unfortunately many people call it that way, and I decided to address that issue:

http://www.youtube.com/watch?v=KCaYBsrz4k4

I hope my video is a contribution. Long live BitCoin.

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[Clipse]

not to knock you down but you seem to "er..." to much for anyone to take the video serious :/

If some newbie to bitcoin would watch that they would think you dont know much either.

[jahabdank]

good point it is just a Polish habit to do that, I will control myself in the next ones.

Btw. how do I become a full member? Do I have to be active in the forum for a while?

Thanks for watching

[Samantha2011]

good point it is just a Polish habit to do that, I will control myself in the next ones.

Btw. how do I become a full member? Do I have to be active in the forum for a while?

Thanks for watching

Good video, you just need to make the introduction more succint. 

To access the other parts of the forum you need to have 5 posts and 4 hours total time logged in.

[jahabdank]

Great Only 2 more to go

Let me look for some topic where I can actually write something smart lol

[kwiky]

Interesting video. Could be a bit better, but I don't see myself taking the time.

[Nagle]

I made a video explaining why BitCoin is not a Ponzi scheme.

It's just a talking-head video, from someone not interesting to watch. Text would be more useful.

The News Technica article says it much better:

"It is completely incorrect to describe Bitcoin as a 'pyramid scheme.' Technically, it’s a 'pump-and-dump.'"

[jahabdank]

lol, it is called vlog

Many people prefer videos then text, because in video there is intonation, facial expressions etc. It carries much more info then just text. I personally find text boring - there are hundreds of look-alike pages with the same content, and no personality. And videos are all different - they carry human element

However, there are many people who like to read a lot, and there surely are better places then mine video for pure information

[jahabdank]

"It is completely incorrect to describe Bitcoin as a 'pyramid scheme.' Technically, it’s a 'pump-and-dump.'"

To be precise say: 'BitCoin can be a subject to pump and dump' don't say 'it is pump and dump' because this sentence implies that it was created with the intention of pumping and dumping, and stating this is a bit of a stretch (and moreover can not be proven).

[BitCoinBarter]

I made a video explaining why BitCoin is not a ponzi scheme. Unfortunately many people call it that way, and I decided to address that issue:

http://www.youtube.com/watch?v=KCaYBsrz4k4

I hope my video is a contribution. Long live BitCoin.

I haven't seen the video.

However if someone thinks BitCoin is a Ponzi Scheme, then they do not know what a Ponzi is.
They may just think that BitCoin is a scam (Ponzi is a scam, however it is a certain type of scam).

Hopefully the video explains what a Ponzi is. Why BitCoin is not a Ponzi and a scam in general.

[davincisolari]

Great Post