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.
