Bit Coin is a Ponzi Scheme

[bat11]

I don't think so. Maybe bitcoins definition is very different on a ponzi scheme. In the first place, you are not ask for money or recruit someone to join bitcoin.

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[indog]

Often the news spread by people who dont understand about Bitcoin will undoubtedly lead to misperceptions, or maybe that is something else outside bitcoin. They never jumped into bitcoin and dont understand how it works

[slaman29]

I actually think it is a Ponzi Scheme.

But just like musical chairs, if you get out early - you still win!

Ponzi schemes are only bad for the stupid suckers left standing when the music stops.  Bitcoin is the same, if you 'Hodl' like a fucking moron, you are going to stop hearing music one day and then you will know you are well and truly fucked.

Musical chairs, isn't that the game where there are actually no winners and only just one loser? So, basically, you just need to be NOT the last one to "hodl"

If you play a game, then you're a player. Then the game will play you. Then you will lose eventually. Even if you "get out early" you will get in again in another game, because that's the mentality of a player who likes to play games.

But if you're actually using Bitcoin like many people actually are (gasp!) then it doesn't matter if the music stops or whatever, they already got what they needed and wanted from Bitcoin. The peer 2 peer payment system without a 3rd party trust.

Works for me, works for others. None of us are playing a game.

[Johnzky]

Bit coin is a Ponzi scheme. Don't listen to the bit coin shills on here. The newcomers buying into bit coin and driving up the price are just making the early adopters richer.

That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.

The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.

Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?

If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.

Why not tell that to the Japanese since they adapted this coin heartedly to the extent of using this as legal tender,in short same functionality with Yen?

Another thing after what you have cried,now why still living here inside the crypto of bitcoin is totally nothing?Lop tell that you your mothers ass stupid

[Taki]

What are you doing here then if you think bitcoin is ponzy scheme? Bitcoin truly can turn to ponzy only for those people who invested in bitcoin and waited too long that it simply disappeared. There are many reasons for that: total ban or just replacement by something new. But this is only the future, the current situation looks like bitcoin gave a lot of opportunities to have some extra money to those who invested in it in the most beginning and cashed out on the top. But not only to those people, how many users of the forum took a part in signature campaigns, got payment and cashed out this money and spent for needs and having fun? I am one of them, last year I could renovate almost the whole house with the help of signature campaign earnings and high price for bitcoin. So, to me, to the person who cash out nonstop, bitcoin is not ponzy scheme.

[stayeduptolate]

Bit coin is a Ponzi scheme. Don't listen to the bit coin shills on here. The newcomers buying into bit coin and driving up the price are just making the early adopters richer.

That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.

The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.

Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?

If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.

Now it’s been a decade after the introduction of bitcoin to the world and in this decade bitcoin has proved its worth to be called as number one and in the present times we all know that bitcoin is a very huge and potentiating crypto currency and therefore there are millions millions of people around the world who are investing into bitcoin so I think morons are the people who are still calling bitcoin a Ponzi scheme and time will answer them all when they repent in the future.

[PitbullP]

If bitcoin is a ponzi scheme, it can last long in the market. Bitcoin is totally different from ponzi, please read more about bitcoin before saying something negatively about bitcoin

[Siren]

Bit coin is a Ponzi scheme. Don't listen to the bit coin shills on here. The newcomers buying into bit coin and driving up the price are just making the early adopters richer.

That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.

The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.

Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?

If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.

So what after?Do you think theres someone buys your stupid story?Lol

Bitcoin is a future currency and this will bring the future of technology to human race,things that has been denied from us by the banks and those you called computers nerds

But now because of bitcoin and all the cryptocurrencies innovating the world and no one can stop this from happening

[niotib]

Is it a ponzi or not? That totally depends on how do you use Bitcoins and how other people use you for Bitcoins. In the default core, Bitcoin isn't ponzi at all.

[putrisa]

I think bitcoin is not like ponzi and bitcoin schemes are more likely to be digital currencies in general, there is no ponzi in bitcoin, bitcoin is a digital currency chain that does not implement profit referrals, it is only the result of several markets that provide referrals like that .

[Mr.grin]

I think bitcoin is not like ponzi and bitcoin schemes are more likely to be digital currencies in general, there is no ponzi in bitcoin, bitcoin is a digital currency chain that does not implement profit referrals, it is only the result of several markets that provide referrals like that .

of course not. we know some people do use bitcoin to commit fraud, and well, I've also been hit with their tricks several times. but, I think, most of that is not a scam. I am sure, if you have followed the path, then you will know the scam or not.

[Ava Duvall]

please learn more about bitcoin before saying something.Yes,  this is the forum for people to talk about bitcoin but you are totally wrong when you said; " Bitcoin is a Ponzi Scheme "

It was more of a stated opinion, than a stated fact, don't take everything to heart. yes people should learn more before speaking, but this is a forum where we speak our opinion and discuss it freely.

[Panasony]

Bitcoin is currently the most widely used currency in the world and it isn't a Ponzi model. Contrary to the Ponzi model, Bitcoin doesn't have a managed entity, no specific promise for profit, and users can start with a small Bitcoin without the minimum investment package. Although the Bitcoin network isn't a multi-level model, it should be clearly recognized that the subject can exploit Bitcoin for its own fraudulent forms as a form of payment or commodity.

[remuy24]

In Ponzi schemes, business founders will convince investors that they will get a certain level of profit, while Bitcoin does not promise that kind of thing. There is no central entity; there are only individuals who run a decentralized economy. In the Ponzi scheme, the initial users (those who first join) will benefit from those who join later. While in Bitcoin, there is a solution for this. Early users benefit from increasing the value of bitcoin, while late users will benefit from a stable, fast and cheap currency. The fact that early users get more profits does not make Bitcoin directly a Ponzi scheme. All good investments in successful companies have these characteristics.

[lm2f]

This topic was started November 17 last year. I wonder if the thread-starter still thinks that bitcoin is still a Ponzi Scheme. I wouldn’t be surprised if this person is into cryptocurrency now. 

Yes

[KonstantinosM]

This topic was started November 17 last year. I wonder if the thread-starter still thinks that bitcoin is still a Ponzi Scheme. I wouldn’t be surprised if this person is into cryptocurrency now. 

Yes

What changed your mind?

Was it libertarian YouTube videos?

In fact who or what gave you the idea that bitcoin is a ponzi scheme in the first place. I see a lot of people out on the street think that and I just don't get it.

[gesdan]

bitcoin is not a Ponzi scheme, bitcoin just a digital currency as we know, and we can see there are many bad people that makes the bad HYIP with Ponzi scheme using the bitcoin, so bitcoin is not a Ponzi scheme, bitcoin just a media

[CadieTom]

don't say anything negative about bitcoin if you don't know much about it, Because it will affect to bitcoin's price. Bitcoin is not a ponzi scheme and they are totally different

[demenBTC]

In the past, people investing in gold even today are still popular, and because of technological advances, people are starting to be interested in investing in bitcoin, what is bitcoin? bitcoin is digital gold which is now popular as a promising investment but has a high risk

[angel55]

I wouldn't blame a mainstream investor for thinking bitcoin is a ponzi scheme.  It looks very shady from the outside; some guy is holding a million coins and they used to sold for a penny and then it grows to astronomical prices.

Don't worry I'm still a believer in BTC