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Author Topic: Is Bitcoin a Ponzi scheme?  (Read 1588 times)
btcCoincart
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July 10, 2018, 07:43:34 PM
 #461

If you know some ponzi coins, you will see they take money from newbies to pay previous people. But to bitcoin, it's just about total money people invest in. If they invest much money, btc goes up, otherwise it goes down. It's not ponzi at all Smiley
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July 10, 2018, 07:54:30 PM
 #462

I dont think you know what ponzi is. In a ponzi or pyramid scheme there's no valuable thing. System just needs newcomers to grow up and live. Ponzi schemes live 6-12 months and promise huge profits without risk. Bitcoin is almost ten years old and most of bitcoin investors know about risks they take.  Also, when you involve a ponzi you can't get out easily. But any bitcoin holder can change his/her money to fiat anytime. So bitcoin is not a ponzi scheme. If you believe that I strongly recommend take your money and exit it.
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July 11, 2018, 12:36:10 AM
 #463

I had arguments  with my friends  who are always  tagging  bitcoin with negativity. Today, we argued  and I educated them on bitcoin and Ponzi scheme.  To me Ponzi scheme  is when developers takes  money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin  is not like that.  Do you think I am right?
I still can't believe that in 2018 there are people that call bitcoin a Ponzi scheme. I wonder if they know what a bitcoin is, how it works etc etc. And also if they actually know what a Ponzi scheme is, probably they just read this expression somewhere...

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iotarocket
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July 11, 2018, 12:40:58 AM
 #464

People can invent all types of analogies, but this one is not fitting. The amount of bitcoins is mathematically fixed and unlike Ponzi schemes the blockchain is transparent, allowing the public to see transactions in real time. Also every time people have declared bitcoin dead they have been wrong.
solarisexodus
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July 11, 2018, 02:33:38 AM
 #465

We never want to experience a Ponzi scheme, right (especially in our bitcoin); thus, the need for an extra research and learning about what  is bitcoin all about is very relevant. However, in my own view, bitcoin is not a Ponzi (I have my three views); first, it takes highly amount of investment with high risk - consideration would only matter on the value of bitcoin`s price; second, though decentralized many people know the activity of bitcoin; and third, the law of demand and supply - which definitely the running fuel of prices. So obviously, there`s a reason behind bitcoin`s prodigy.
yonjitsu
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July 11, 2018, 02:50:48 AM
 #466

If bitocin is a ponzi scheme, it will no longer reach this far as people will surely ditch it stop investing on it. We should put in mind that Satoshi Nakamoto wanted bitcoin to be the alternate currency of fiat with a whole new advantages on it but it is widely become more of a legit investment scheme where governments from different countries in the world are utilizing it.

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July 11, 2018, 04:14:56 AM
 #467

Bitcoin is not a ponzi scheme because when talking about ponzi new member paid old member and in that of bitcoin it's not robbing Peter to pay Paul you invest and get your coin instantly to your wallet not waiting for new member to join and pay you
marjon
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July 11, 2018, 04:40:13 AM
 #468

Yes, you are! And bitcoin is far different from that ponzis schemes with dead and raw projects they just hitting & run money from noob investors and used bitcoin as payment methods where at this point newbies understand and gained negative impression about bitcoin. In bitcoin we can achieve financial freedom independently without deceiving people and building broad networks like ponzis do.
jmar925
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July 11, 2018, 04:59:42 AM
 #469

Bitcoin is the new wave. I hope it does not become a ponzo scheme
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July 11, 2018, 05:02:54 AM
 #470

I had arguments  with my friends  who are always  tagging  bitcoin with negativity. Today, we argued  and I educated them on bitcoin and Ponzi scheme.  To me Ponzi scheme  is when developers takes  money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin  is not like that.  Do you think I am right?
Bitcoin is currently considered a ponzi form and is intended to scam. These are the intentions of many people and I think it's not true. Satoshi has created Bitcoin with a passion and I believe he will not use it to cheat people.

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dohh
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July 11, 2018, 05:04:09 AM
 #471

We never want to experience a Ponzi scheme, right (especially in our bitcoin); thus, the need for an extra research and learning about what  is bitcoin all about is very relevant. However, in my own view, bitcoin is not a Ponzi (I have my three views); first, it takes highly amount of investment with high risk - consideration would only matter on the value of bitcoin`s price; second, though decentralized many people know the activity of bitcoin; and third, the law of demand and supply - which definitely the running fuel of prices. So obviously, there`s a reason behind bitcoin`s prodigy.

I argue.

1) The amount of "investment" has risen only lately.
2) activity of bitcoin fabricated not organic.
3) demand and supply are purely speculative. 5% of all coins change ownership EVERY DAY!! but there is virtually nowhere You can spend Your coins. What does it tell to You?
thenameisjay
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July 11, 2018, 06:22:36 AM
 #472

I had arguments  with my friends  who are always  tagging  bitcoin with negativity. Today, we argued  and I educated them on bitcoin and Ponzi scheme.  To me Ponzi scheme  is when developers takes  money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin  is not like that.  Do you think I am right?

I agree first of all because bitcoin's developer/s have already disappeared and therefore there is nothing to ponzi unlike alt coins that actually have active developers capable of redoing the codes. Bitcoins are far from being a ponzi scheme because it is merely a coin no one controls.

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dTAPPO
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July 11, 2018, 06:25:28 AM
 #473

No not at all. How can you ask this type of question.. It's a open source platform,,, if you want to develop you can develop Bitcoin.
SamarasLoch
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July 11, 2018, 07:03:56 AM
 #474

The decentralized aspect if bitcoin shows a clear image that explains why bitcoin isn't a ponzi scheme. Ponzi is only profitable to the early birds and it is not very sustainable. Bitcoin has been here since 2009 and even without an owner, it has sustained itself from then till date. No Ponzi scheme can pull that off.

There are many more reasons why they shouldnt be compared but I'll rest my case.

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bdc2343
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July 11, 2018, 07:08:02 AM
 #475

Blockchain technology and Ponzi are completely different things. In fact, the Ponzi model is a form of borrowing money from one person to pay for another, and the borrower will have to pay a larger sum than the loan amount. But Bitcoin does not work based on this principle

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mathew232
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July 11, 2018, 07:10:12 AM
 #476

No it's not a ponzi scheme
MaryKiTy22
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July 11, 2018, 07:11:54 AM
 #477

Pozi is considered as a multi-level business model with many fraudulent nature, if you do business but attract more people in business you will quickly be up the rank and bitcoin unlike the pozi model.
Adreman23
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July 11, 2018, 07:37:42 AM
 #478

Ponzi scheme - you have no control in your investment, other people hold your money and profits and ponzi scheme is scam. But in bitcoin, if you buy bitcoin the decision is yours when to sell or hold and no one will stop or control you.

Acsirp
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July 11, 2018, 07:55:20 AM
 #479

Bitcoin is not a Ponzi scheme , for bitcoin investment you are the one who will manage your investment, while in the Ponzi scheme your investments is on pyramidic where in your profit is get from the newly enrolled members to be given to the old investors, in bitcoin your are on your own management, if you buy or sell your coins in the coin market.
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July 11, 2018, 08:01:22 AM
 #480

Definitely not one of those.
You can argue that there are 90% of those that are held in 1000 or less wallets and that's how you can control the whole market.
If those are smart and really want to change somethig here they can, but you don't really know what a human being can do when he has power...
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