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Author Topic: Is Bitcoin a Ponzi scheme?  (Read 1577 times)
Milado22
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July 11, 2018, 08:05:16 AM
 #481

It is not like that. it is tike the other scheme like share market or other big schemes.
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anilsaini0327
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July 11, 2018, 08:06:55 AM
 #482

No, Bitcoin is not a ponzi scheme. If you look at the use cases supported by bitcoin then you will see that it has certain usage and it not just speculative. People who do not know much about crypto will surely consider calling bitcoin a ponzi scheme.
csdga
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July 11, 2018, 08:25:30 AM
 #483

Those who say Bitcoin is a Ponzi scheme, they don’t know Bitcoin, and they don’t know about Ponzi schemes....
sheyicrypto
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July 11, 2018, 08:38:49 AM
 #484

One thing is to know something and another is to understand  it's ways.  Bitcoin is not a ponzi scheme.  It is working on it own to build  it's own castle not depending on anybody
richkid3001
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July 11, 2018, 08:46:18 AM
 #485

There is a easy way to know that Bitcoin is not a Ponzi Scheme, look up the definition of Ponzi Scheme: A form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.
lelahkenabanned
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July 11, 2018, 08:50:37 AM
 #486

not bitcoin is not like ponzi scheme I think bitcoin only move from existence of buyer and seller so there is no element of ponzi which make element ponzi only from irresponsible party.

BlackRacerX
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July 11, 2018, 09:02:18 AM
 #487

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?

Bitcoins are far from being a ponzi scheme. It's not even backed up by its developer anymore so there's no way for bitcoins to ever be redone or recoded for another dark or scheming purposes. Bitcoins have become more of an investment rather than a token but nevertheless, it is far from being a scam.

Bounty_Manager100
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July 11, 2018, 09:18:32 AM
 #488

I just don't think that you are right, I am entirely sure that you are considering it correctly. I have also encountered that scenario to several of my friends,Any time you face such argument tell the person that bitcoin is a technology, a digital currency and the most transparency, secure and fastest bank in the world.
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