People call bitcoin a fraud or ponzi scheme

[missworld]

As always “People fear what the do not understand”. They need to do research before making such accusations...

[Saisher]

These are ignorant and uneducated people, big name in the trading and computer technology are now into Bitcoin and cryptocurrency, if there is a fraud and a ponzi scheme, these people and companies will lose their reputation for supporting Bitcoin and cryptocurrency.

[MaruAlmen]

Btc isnt a fraud nor ponzi as its a legit crypto currency that has real value and valuable to many. Maybe there are other tokens or ICO's who are fraudly using this tactics maybe thats the cause of the misinterpretation of lots in btc, people tend to generalize the meaning aside from single outing the token itself. Btc cant be a fraud unless everyone will stop buying and selling it or we can call trading in the market. Just do what you think is good

[Farma]

Btc isnt a fraud nor ponzi as its a legit crypto currency that has real value and valuable to many. Maybe there are other tokens or ICO's who are fraudly using this tactics maybe thats the cause of the misinterpretation of lots in btc, people tend to generalize the meaning aside from single outing the token itself. Btc cant be a fraud unless everyone will stop buying and selling it or we can call trading in the market. Just do what you think is good

you're right, bitcoin is a token that has many functions. what makes us greedy is our attitude, which is sometimes not grateful. Well, I'm sure people say that because they haven't tried to have it. but, there are several places that can make people think like that.

[Tszone]

Everybody is entitled to their own opinion concerning various aspects of life. People that call bitcoin a ponzi scheme or fraud might have had a problem with learning all about cryptocurrency and this experience has clouded their judgement about bitcoin.

[Crafts12]

Anyone can call it ponzi scheme and fraud but if you think of it, everything worldly is fraud. You buy apple products with thousands of dollars but how much are they really worth? Why would people give out thousands of dollars for a macbook when they can buy a laptop for $300? Is it really worth that much or is it just another ponzi scheme that apple is bringing to the world better gadgets than any other brands? So we're talking about bitcoin now. What are we really paying for when we buy bitcoin? We pay for an online program and the people running the program helping transactions go through, or we call mining. Miners put in so much time and most especially the cost of mining is so much. That is merely the reason why bitcoin will cost much and if incase it will dive too low and will not be enough to pay for miners, then that could be the time bitcoin will die, or not.

Most of the people sees bitcoin as a mere scam. For them, it is only a fraud for a reason a that it goes anonymously mostly about everything. Another reason why they think it is a fraud because of the people who are so greedy to the point that they were laundering the money of other people who were working so hard in here and investing all they got. We cannot change their view if they experience that kind of situation but if they don't then maybe we can do something for them to embrace and accept cryptocurrency.

[babarian]

their right to talk about bitcoin, I don't care about the talk of people who are bitcoin. I have never felt committed fraud while in the world of bitcoin, what I do is trade and campaign for a project and I am paid with tokens or altcoins they have. why did they call fraud or Ponzi?

[Underlord]

if they think that bitcoin is a ponzi scheme then keep quiet, and let them talk as they please, arguing with them is only worsening the atmosphere. let them think it is ponzi scheme until they regret it in the future and realize that bitcoin is really the game changer.

[ribowo76]

It feels very funny if someone mentions bitcoin is fraud or something like that. Supposedly, the person reading does not just read. But it also understood what he was reading

[JennetCK]

Anyone can call it ponzi scheme and fraud but if you think of it, everything worldly is fraud. You buy apple products with thousands of dollars but how much are they really worth? Why would people give out thousands of dollars for a macbook when they can buy a laptop for $300? Is it really worth that much or is it just another ponzi scheme that apple is bringing to the world better gadgets than any other brands? So we're talking about bitcoin now. What are we really paying for when we buy bitcoin? We pay for an online program and the people running the program helping transactions go through, or we call mining. Miners put in so much time and most especially the cost of mining is so much. That is merely the reason why bitcoin will cost much and if incase it will dive too low and will not be enough to pay for miners, then that could be the time bitcoin will die, or not.

As expected, these are the usual comments of people who do not know bitcoin. The reason why the called it a fraud and ponzi is because people who are scammers use the word bitcoin to take advantage to others. That's why they think it as a fraud.

[Bellator]

Anyone can call it ponzi scheme and fraud but if you think of it, everything worldly is fraud. You buy apple products with thousands of dollars but how much are they really worth? Why would people give out thousands of dollars for a macbook when they can buy a laptop for $300? Is it really worth that much or is it just another ponzi scheme that apple is bringing to the world better gadgets than any other brands? So we're talking about bitcoin now. What are we really paying for when we buy bitcoin? We pay for an online program and the people running the program helping transactions go through, or we call mining. Miners put in so much time and most especially the cost of mining is so much. That is merely the reason why bitcoin will cost much and if incase it will dive too low and will not be enough to pay for miners, then that could be the time bitcoin will die, or not.

Those people who tells that bitcoin is a fraud its all because they doesn't have enough knowledge on bitcoin and as far everyone is concern we can educate people inorder that they will not jump into conclusion without experiencing on how bitcoin is used.

[doolittle]

Anyone can call it ponzi scheme and fraud but if you think of it, everything worldly is fraud. You buy apple products with thousands of dollars but how much are they really worth? Why would people give out thousands of dollars for a macbook when they can buy a laptop for $300? Is it really worth that much or is it just another ponzi scheme that apple is bringing to the world better gadgets than any other brands? So we're talking about bitcoin now. What are we really paying for when we buy bitcoin? We pay for an online program and the people running the program helping transactions go through, or we call mining. Miners put in so much time and most especially the cost of mining is so much. That is merely the reason why bitcoin will cost much and if incase it will dive too low and will not be enough to pay for miners, then that could be the time bitcoin will die, or not.

How many such artisans had before. I remember 2013-2014. When I told my friends I was told that it is a pyramid, and it will soon collapse. I certainly did not believe them, after a time they all see that bitcoin has grown in price, and at the state level, many decide the life of bitcoin and blockchain.

[princeyeboah]

Out of ignorance, most people call or liken Bitcoin to several unacceptable things taunting its image. Most people fail to read the beneficial concept of Bitcoin and are just following the misconceptions created by the governments and the media.

[cxirvin]

Peoples who call bitcoin fraud or ponzi schemes they don't know how cryptocurrency & blockchain technology work also they never understood what is real use of bitcoin they think bitcoin is a investment scheme and this is a bubble. if they understand how bitcoin network work and how they can use it than definitely they get real value of bitcoin, becuase people use bitcoin as a profit and loss investment scheme.

[moschinot]

I do not think that this is some sort of scheme and that kind of thing

[Gypat]

Maybe my definition of ponzi scheme is wrong otherwise there is no link between btc and ponzi scheme. This tells you nothing but the fact that those individuals lack absolute knowledge in btc. Why worry about their comments then??

[FedorIzmailov]

people call it bitcoin differently and when the growth comes to market, they all start saying that bitcoin is the future, etc.

[Marcel666]

Bitcoin is definitely not a ponzi scheme.
Inventors purchase the commodity (although virtual) based on the speculated price.
It has value, because work is done in mining it.
And the value can go higher or lower.

[InformerKin]

Anyone can call it ponzi scheme and fraud but if you think of it, everything worldly is fraud. You buy apple products with thousands of dollars but how much are they really worth? Why would people give out thousands of dollars for a macbook when they can buy a laptop for $300? Is it really worth that much or is it just another ponzi scheme that apple is bringing to the world better gadgets than any other brands? So we're talking about bitcoin now. What are we really paying for when we buy bitcoin? We pay for an online program and the people running the program helping transactions go through, or we call mining. Miners put in so much time and most especially the cost of mining is so much. That is merely the reason why bitcoin will cost much and if incase it will dive too low and will not be enough to pay for miners, then that could be the time bitcoin will die, or not.

Apple products cost thousands of dollars because Apple has a great marketing strategy and made their computers uniqe. People are willing to pay such price so they won't take it lower. It's not a ponzi scheme to sell a product with a high margin.

[trauchot]

Bitcoin can be called fraud only if you completely will lose your money, and so, no one asks anyone to invest in bitcoin. Simply here is no guarantee that you will be able to multiply your investments and if you lose everything to you no one will return anything. Everyone should think with his head, but calling bitcoin fraud is too much.