upinros
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June 04, 2018, 07:10:08 AM |
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You imagine Bitcoin is a ponzi scheme then anything that goes up legitimately is also a ponzi scheme because people who invest at the beginning of everything get many benefits. Not that ponzi, that's what you call a good investment. Bitcoin is a thousand percent not a ponzi scheme that you can be sure of. Bitcoin costs are high. Bitcoin is not used to transfer money. No projects on Bitcoin. Prices only go up when there are more buyers, so it acts like the current Ponzi scheme.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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danielwang2112
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June 04, 2018, 07:12:10 AM |
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A ponzi scheme promises a high return on your stake that is paid for by new investors. Though somebody taking an advantage to use Bitcoin as fuel of their Ponzi scheme agenda.
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green_fish
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June 04, 2018, 07:18:53 AM |
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The Ponzi scheme is characterized by latecomers' investments as the first-to-last benefits.
Bitcoin, like gold and diamonds, is digital gold!
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suvo05
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June 04, 2018, 07:28:43 AM |
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Bitcoin is not any kind of scheme at all. The people who have no idea of bitcoins they can say whatever they want.
A ponzi scheme always promises to have a good return on any investment. But bitcoin never promises anything to it's buyers. The quantity of Bitcoin is limited and in last few years it continues to gain it's popularity so the price keeps on increasing.
In any kind of scheme (legit or ponzi) there is a governing body who collects all the funds from the investor and use the total fund. But in bitcoin there is no governing body who is collecting the fund. you are owner of your own poperty.
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Aryadwipanggah
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June 06, 2018, 07:37:48 AM |
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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?
yes I agree with what you say, ponzi like multi-level management that ultimately the developers only promise big profits and konsisnten every day to attract the participants but after many who joined the developer just leave. While bitcoins are not like ponzi, our bitcoin can control its own benefits independently of others |
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nhoj25
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June 06, 2018, 07:54:25 AM |
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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 essentially a commodity with a fixed rate of issuance. It is not a ponzi because after you've acquired bitcoins, there is no promise extended that you can redeem them for any value and there are no dividends paid to those who hold bitcoins. Bitcoins are traded, so the exchange rate can rise or fall, so there are those who will buy or sell bitcoins to speculate on the price |
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angchosenone
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June 06, 2018, 07:59:15 AM |
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There are two or three things I would do in this circumstance, right off the bat, I would remind your companion that a "Ponzi Scheme" was really done with fiat cash, not digital money. Besides - a few people are simply unmindful, on the off chance that they are not going to get it, its OK. similar individuals likely have those heartbeat dial phones at home and cant make sense of why no one calls them any longer. There are a lot of receptive individuals on the planet, at times you need to release a couple of the naysayers.
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Hirameki
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June 06, 2018, 08:01:27 AM |
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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 compared to a ponzi scheme because of the way other people advertise it. They are telling people that bitcoin can double their money in just few months though its true, its just absolutely ridiculous to convince someone with that kind of advertisement. They just making that person be in desperation for sometime. |
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Heopu
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June 06, 2018, 08:39:52 AM |
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Bitcoin is not a Ponzi scheme. Contrary to the Ponzi model, Bitcoin does not have a managed entity, no specific promise for profit, and users can start with a small Bitcoin without the minimum investment package. .
The Bitcoin network is not a Ponzi scheme; however, it should be made clear that the subject can exploit Bitcoin for their own phishing patterns.
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Che454010
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June 06, 2018, 08:54:55 AM |
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some people think that bitcoin is a ponzi scheme because they buy it from those who bought it cheaper, but it is not, the price is dictated by the market
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laiya94
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June 06, 2018, 09:56:46 AM |
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Not really, bitcoin market is depend only one supply and demand like the stock market. Just because there is some Ponzi scheme which accepting bitcoin payments we can't say bitcoin is a Ponzi scheme too.
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zamani12
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June 06, 2018, 10:26:32 AM |
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bitcoin is not a ponzy scheme its a cryptocurrency which can be said to be a digital curency or better still we will say is a 21st century currency.
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Peashooter
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June 06, 2018, 11:47:25 AM |
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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 very far and very high from the level of ponzi schemes. Ponzi schemes are just illusion of money circling. Bitcoin is much more greater and more has a logical system that follows. Bitcoin already has established value long before it became popular in the market. Bitcoin is an innovation that really helps and improves the monetary system. |
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Marium Diaz
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June 06, 2018, 12:15:59 PM |
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Bitcoin is actually the opposite of Ponzi scheme as its creator even after having such a large hodling of coins hasn't touched it, otherwise he could have sold just a small portion of it and made millions of dollars. Also ponzi schemes don't last this long and you don't have institutional investors investing in it.
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DoublerHunter
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June 06, 2018, 03:00:09 PM |
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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 very far and very high from the level of ponzi schemes. Ponzi schemes are just illusion of money circling. Bitcoin is much more greater and more has a logical system that follows. Bitcoin already has established value long before it became popular in the market. Bitcoin is an innovation that really helps and improves the monetary system. First of all, bitcoin is not a ponzi scheme because it is not like the other type of investment where you will put mommey and then you will make profit by inviting people to put their money also because bitcoin is like the stock market that determines its price and value depending on the people so it is not like networking. |
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AjithBtc
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Vave.com - Crypto Casino
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June 06, 2018, 03:13:29 PM |
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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 very far and very high from the level of ponzi schemes. Ponzi schemes are just illusion of money circling. Bitcoin is much more greater and more has a logical system that follows. Bitcoin already has established value long before it became popular in the market. Bitcoin is an innovation that really helps and improves the monetary system. First of all, bitcoin is not a ponzi scheme because it is not like the other type of investment where you will put mommey and then you will make profit by inviting people to put their money also because bitcoin is like the stock market that determines its price and value depending on the people so it is not like networking. There is no strong to describe it a ponzi, till date users who say it a ponzi might have faced some issues with bitcoin which is just because of their careless or due to their own mistake. Because, lots of ponzi schemes were getting promoted with the name of bitcoin to trap the users in a much easier way. |
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headache1327
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June 06, 2018, 08:56:10 PM |
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bitcoin can not be equated with Ponzi at least, because it is so different, ponzi is seen if it is a fraud system, and bitcoin is digital currency and nice bitcoin in trade and investment.
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xabi alonso 88
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June 07, 2018, 03:58:04 AM |
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I agree with you because there is no way Bitcoin can be like Ponzi Scheme. Bitcoin provides daily news about its pricing for selling and buying exchange. It also provides real time proof for every transactions for both parties involved worldwide and holds transparency.
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ynclksnr321
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June 07, 2018, 04:23:37 AM |
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Pairing Bitcoin with a Ponzi is really an untrained interpretation. Particularly, using blockchain technology in the same sentence as Ponzi is insulting a technological development that has so much infrastructure.
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levvv
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June 07, 2018, 04:24:50 AM |
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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?
Ponzi scheme tend to not sustainable in long time, unlike bitcoin. Bitcoin almost 10 years existing in the world. maybe your friend need to know the advantage of bitcoin from other currency. and you are right, bitcoin is not like the ponzi scheme that will vanish when they raise much funds and doesnt have a new comer anymore.. |
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