arcanayou
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March 27, 2018, 06:53:30 AM |
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if you think that bitcoin is a pyramid scheme, then you definitely do not understand about bitcoin, or maybe the information you know is only partial, cut or maybe wrong. there is no pyramid scheme in the blockchain system, it is clear, the system is designed to speed up transactions and reduce transaction costs. it may be true there is either a coin or cryptocurency that uses a pyramid scheme to run its business, but bitcoin and blockchain systems do not, bitcoin mining also has nothing to do with pyramid schemes
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The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
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nelsmining
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March 27, 2018, 06:54:08 AM |
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Bitcoin is in no way a pyramid scheme as it is decentralized. In all pyramid schemes you have a core group that started and control the company. No one even knows the real identity of bitcoins creator.
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jpespa
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March 27, 2018, 07:08:11 AM |
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Bitcoin is a digital money used by many people to pay for goods and services online or to invest for profit. Pyramid scheme is a business model that recruits member and promise them profit if they recruit more. You could say that "bitcoin is used as payment in pyramid scheme". We cannot say that bitcoin is a pyramid scheme because bitcoin is just a currency used for purpose. Even other countries' currency out there are being used to pyramid schemes.
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fokinflor
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March 27, 2018, 07:12:04 AM |
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Bitcoin is the opposite of a pyramid scheme from the point of view of Bitcoin miners. The Bitcoin protocol is designed like a cannibalistic arms race. Every additional miner prompts the protocol to increase the difficulty of mining. From a social point of view, Bitcoin is a pure market. The price of Bitcoins fluctuates based on market supply, demand, and perceived value.
No it is not a pyramid scheme or a ponzi scheme. If it was, it would not have survived for last 8 years. Also, in a ponzi scheme, you are paid to add investors below you, which is not there in case of bitcoins. |
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riel123
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March 27, 2018, 07:20:01 AM |
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Bitcoin is not a pyramid scheme, it is a currency like any other which also doubles as an asset which you can invest in and get a good percentage ROI from is you are patient.
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criptogenious
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March 27, 2018, 09:46:59 AM |
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Bitcoin is your asset. You own all of what you have got. You don’t have to have your employee to earn or profit in Crypto. It’s you who invest, it’s you who work for yourself and it’s you who is earning. So, no it’s not Pyramid scheme.
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ASHLIUSZ
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March 27, 2018, 09:54:23 AM |
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Not really, bitcoin is a successful technology which has got innovated to make things better and functional in an efficient manner. In the name of bitcoin several pyramid schemes got promoted. And for the same at several instances bitcoin too has got affected with negative news by those scam schemes.
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00DKM@
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March 27, 2018, 05:02:41 PM |
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I like this interesting way of thinking. But I do not give it the right shape for dedication from the revolution that brings with it the trend of management reform, removing the barriers to an advanced and effective technology. We are in the heart of the pyramid. Whatever the reaction, it makes us fall.
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Cimmy_revenger
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Dextrust.org #Defi
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March 27, 2018, 05:16:07 PM |
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Bitcoin is the opposite of a pyramid scheme from the point of view of Bitcoin miners. The Bitcoin protocol is designed like a cannibalistic arms race. Every additional miner prompts the protocol to increase the difficulty of mining. From a social point of view, Bitcoin is a pure market. The price of Bitcoins fluctuates based on market supply, demand, and perceived value.
I agree with your statement , because Bitcoin is digital asset with Transparent transactions. every transaction is valid and everyone can be find every block. prices are created from supply and demand in the market. the government can not commit fraud in this regard. |
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Lintel
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March 28, 2018, 10:38:50 AM |
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Bitcoin is the opposite of a pyramid scheme from the point of view of Bitcoin miners. The Bitcoin protocol is designed like a cannibalistic arms race. Every additional miner prompts the protocol to increase the difficulty of mining. From a social point of view, Bitcoin is a pure market. The price of Bitcoins fluctuates based on market supply, demand, and perceived value.
I read the question again and again to understand and recall how bitcoin actually works and tried to relate with it but its not even close to being the pyramid scheme. The crypto currency or bitcoin for instance is just price tagged algorithm which can be sent over the protocol from peer to peer and transmit the values. Does that even seem to be related to it? May be that is just the operation of bitcoin. Okay let's talk about the bitcoin earning and spreading ways. Is there any offer that satoshi levied that those who will get most of the people on board will have X percentage from the bitcoin market cap. I don't think so and neither of them trying to do so. In any sense this is not valid statement at all. very well said. how can it be related to pyramid when no one is getting more shares for recruiting people to join bitcoin. I am also trying to get into that question but it is not even close to what is pyramiding. You can get bitcoin from bounties or if you invest fin bitcoin so how can it be pyramiding. No it is not. |
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