Why bitcoin never a ponzi

[mace15]

Bitcoin is not a ponzi its decentralized and a open source that we can use to pay peer to peer.Some aligation is not proven because some are using bitcoin to fraud the others by using the name of bitcoin. Maybe much better to study deeply about crypto and bitcoin so they undestand the meaning of it.

This happens some treated bitcoin as ponzi scheme because lack of knowledge they don't know anything yet what truly bitcoin is. It's never a Ponzi scheme they should understand first how bitcoin works so that at a latter end they can avoid getting scam. It is important to have a better understanding about bitcoin.

[Assface16678]

Bitcoin is not a ponzi its decentralized and a open source that we can use to pay peer to peer.Some aligation is not proven because some are using bitcoin to fraud the others by using the name of bitcoin. Maybe much better to study deeply about crypto and bitcoin so they undestand the meaning of it.

Bitcoin is one of the successful creation without any scam because all of the process and methods are decentralized which all of the transactions are transparent which is a good thing we identify easily if the to process are taking transaction or not. Still, the bitcoin cannot escape into Ponzi scheme and scams recently there are a lot of people right now are using this coin just to promote to their platform and can double up the money of the participants

Bitcoin is not a Ponzi scheme but bitcoin can be used for the ponzi scheme this is the most easier explanation that I can give for this.

Bitcoin is not a ponzi its decentralized and a open source that we can use to pay peer to peer.Some aligation is not proven because some are using bitcoin to fraud the others by using the name of bitcoin. Maybe much better to study deeply about crypto and bitcoin so they undestand the meaning of it.

This happens some treated bitcoin as ponzi scheme because lack of knowledge they don't know anything yet what truly bitcoin is. It's never a Ponzi scheme they should understand first how bitcoin works so that at a latter end they can avoid getting scam. It is important to have a better understanding about bitcoin.

Even we already told to the people that the particular platform may be a scam still they are pushing this and proving this is not and after a few weeks and months they lately discovered this is a scam and they waste a lot of money and time but one of the saddest people right there in the last investor of the Ponzi.

[gantez]

Bitcoin is not a ponzi its decentralized and a open source that we can use to pay peer to peer.Some aligation is not proven because some are using bitcoin to fraud the others by using the name of bitcoin. Maybe much better to study deeply about crypto and bitcoin so they undestand the meaning of it.

This happens some treated bitcoin as ponzi scheme because lack of knowledge they don't know anything yet what truly bitcoin is. It's never a Ponzi scheme they should understand first how bitcoin works so that at a latter end they can avoid getting scam. It is important to have a better understanding about bitcoin.

3. Bitcoin is over 10 years now but has never failed, the future even seem brighter than now, ponzi can not last up to 10 years.

This quote is as good as giving evidence that bitcoin isn't a ponzi. I don't know of any ponzi that has lasted as far as bitcoin has done. The ponzi like a pyramid and would diffuse into nothing but bitcoin for long has been there, invested on and yet still going strong against all negative response.

[gabbie2010]

The impression that make people term bitcoin as a Ponzi scheme was borne out the fact that during the reign of the bankrupt and moribund MMM many of the founder of the scheme later incorporated bitcoin as means of payment and earnings thus tarnishing the image of bitcoin when the scheme finally collapsed and turned scam while many ignorants who failed to make a research assumed that bitcoin was a ponzi scheme not knowing that bitcoin just served as medium of exchange instead of the usual fiat that is synonymous to the scheme while others who care to seek more knowledge realized that bitcoin was misused.

[Sanugarid]

Why bitcoin never a ponzi
1. Bitcoin is decentralized, all ponzi scheme are centralized

This is enough for it to be said that Bitcoin isn't a ponzi and will never be one.

This single fact about bitcoin should already take it out from the ponzi scheme, how will bitcoin scam a person who owns it? Only those who do not understand how bitcoin and decentralization works doubt that bitcoin is a ponzi, labeling crypto is about the knowledge that lies within the person. Now if you hear a person calling bitcoin as a scam, send the definition of decentralization from google to his phone number, let him wonder himself after.

In the past two months, somewhere in Nigeria territory promoted Bitcoin and Etherum to be used as a ponzi scheme pyramid. It crashes within 1.5 months and they started blaming each of them for falling into a big scam if bitcoin. They never understand how bitcoin works and they only keep saying bitcoin is a scam. Laziness and quick money earning is their number one priority agenda which is bad. Bitcoin and other altcoin can never be a scam because it's decentralized.

This is also a problem right now for those newbies who really want to learn about Bitcoin.

You'll know an investment company if they are ponzi or not if they promote and influence you to buy promising that you'll get an instant profit after. Who's gonna be falling for this? GULLIBLE people, these are the ones who are easily attracted to quick rich schemes, they got what they deserved at the end. Crypto comm is hurt everytime there are a scam like this, who are we gonna blame for this? None actually.

[ClaimResolverGod]

So if Bitcoin is a pyramid scheme, Dollar is also a pyramid.

What makes you so sure that Dollar is not pyramid ?
Dollar value has been propped up by USA military might.
Bitcoin is just sitting on top of bigger pyramid - western civilization, which is collapsing under Corona virus.

[Krislaw]

Looking at it from the Author's perspective, I think he/she is surrounded by people with the get rich quick mindset and loves ponzis which Bitcoin is unfortunately one of their payment method. If anyone without a proper knowledge lose to such scheme, BTC will be the one blamed because it's not legal anyway. Idiots like them won't say PayPal or Perfect Money scammed them if assuming that was the payment method used.
Just don't argue with them because you can't easily change such mindset m

[meanwords]

Bitcoin is not a ponzi its decentralized and a open source that we can use to pay peer to peer.Some aligation is not proven because some are using bitcoin to fraud the others by using the name of bitcoin. Maybe much better to study deeply about crypto and bitcoin so they undestand the meaning of it.

You really can't blame ignorant people. No matter how humanity advance in technology, there will always be those people who oppose it or at least see it something as something that it isn't. We can only educate them as there is a slim chance that they will educate themselves about this.

[Oshosondy]

But why im still earning even I didnt recruit another investor?
Why im still able to take profit even im not an early investor?

This is a very right comment, a good example happened in three days ago till today. Bitcoin was at at 9100 three days ago and has risen to $9900. Since 10 years ago, people that can trade are able to always make profits. Bitcoin is also decentralized and very transparent than being fake like ponzi schemes.

Those people saying bitcoin is ponzi might have a bad experience investing. Because if you know how bitcoin works you wont have such mindset.

Some can have bad experience but it is not mainly about bad experience, they are completely novice and may not get what bitcoin is.

[Ryker1]

Ponzi is a fraudulent scheme where 1st invester gets money from 2nd, 3rd gets profit if there is 4th. If no 5th person invests, 4th will not get paid. There were hundreds of thousands of ponzis around fiat but no one blamed USD for that. There are a lot of ponzi that uses crypto as fuel but btc or good cryptos are not ponzi. Crypto has quality, anonymity, decentralized are worth mentioning. Crypto has real life use. Certainly not any ponzi scheme

Well, you have a point there. That is why some of my fellow countrymen when someone asking bitcoin they think already that bitcoin is a scam. They never know that a scam is a group of Ponzi using this crypto as their valuable asset to have pyramiding recruitment for the members can able to cash out the money that has been invested. Moreover, this Ponzi scheme groups that always fooling people had been given a negative reputation to bitcoin. We can stop this crypto fraudulent by educating people and don't believe doubling method, that's sounds too greedy at all.

[Smartvirus]

Ponzi is basically based on payment of old investment by new investments which might either be from new investors or an existing investors of which, Bitcoin is nothing like that. It's completely a decentralized system and operates on it's own block chain.

[tvplus006]

...Why bitcoin never a ponzi
1. Bitcoin is decentralized, all ponzi scheme are centralized
2. Bitcoin is not selling any fake product or service, it is completely transparent.
3. Bitcoin is over 10 years now but has never failed, the future even seem brighter than now, ponzi can not last up to 10 years.
4. Bitcoin was even portrayed on wikipedia to be for scammers, but this changed, and was portrayed good now.
5. Many goverments against bitcoin before but now they accept bitcoin, there are even over 7000 bitcoin ATMs in the world now, and bitcoin is used for trnasactions like fiats, even used as payment on some online stores worldwide now.
6. The early investors gained, they were the developers but not in a way the late investors will lose, also many early investors sold bitcoin and makes it more realistic unlike ponzi that has nothing to sell. If you get the market right, there is always still profit in bitcoin.
7. Bitcoin is a very good and easy payment method acceptable in many countries now, has any ponzi been like this? No

I think that we need to add another 8 items to this list, which is also important. A distinctive feature of the Ponzi scheme is that it sets a guaranteed profit for a certain period of time. There is no guaranteed profit in bitcoin: here everyone can get a profit if the price of BTC increases, but they can also get a loss if the price of bitcoin decreases.

[Oshosondy]

I think that we need to add another 8 items to this list, which is also important. A distinctive feature of the Ponzi scheme is that it sets a guaranteed profit for a certain period of time. There is no guaranteed profit in bitcoin: here everyone can get a profit if the price of BTC increases, but they can also get a loss if the price of bitcoin decreases.

You are right, I will add this to it too. The profit earned in trading or investing in bitcoin depends on the bitcoin market price.

[Goting]

I think investing in bitcoin is profitable but also risky

[Ecito]

Bitcoin itself is not a ponzi or a scam. but con artists dragged down the bitcoin name which made it in the eyes of others a ponzi. They actually use bitcoin to attract several investors. Creating fake companies about bitcoin trading and introducing some of the best bitcoin traders, showing good profits and getting high ratings.

[Cryptoababe]

Why bitcoin never a ponzi

2. Bitcoin is not selling any fake product or service, it is completely transparent.

3. Bitcoin is over 10 years now but has never failed, the future even seem brighter than now, ponzi can not last up to 10 years.

4. Bitcoin was even portrayed on wikipedia to be for scammers, but this changed, and was portrayed good now.

5. Many goverments against bitcoin before but now they accept bitcoin, there are even over 7000 bitcoin ATMs in the world now, and bitcoin is used for trnasactions like fiats, even used as payment on some online stores worldwide now.

6. The early investors gained, they were the developers but not in a way the late investors will lose, also many early investors sold bitcoin and makes it more realistic unlike ponzi that has nothing to sell. If you get the market right, there is always still profit in bitcoin.

7. Bitcoin is a very good and easy payment method acceptable in many countries now, has any ponzi been like this? No

All this is right about btc.. Btc is a transparent form of payment. Easy and fast. Btc is accepted almost worldwide now. Imagine if btc is being used for payment. And a lot of transactions. Or if blockchain tech is being used for accounting a lot of things.
This will bring transparency to everything and there won't be any hidden part in anything.
 

1. Bitcoin is decentralized, all ponzi scheme are centralized

For this part, there are decentralised ponzi scheme or pyramid scheme now. And this are owned by some individuals.. Mostly in Ethereum and Tron Network. This DEX are bullshit because they are not audited in any way. And with that chart above, there is not possible success.

[CryptocurencyKing]

Having the thought or even the slightest relativism of Bitcoin to any Ponzi scheme at all is a crime to Bitcoin itself. I'm just saying though but, it's really wrong. Bitcoin is drastically different from Ponzi schemes at a lot of levels and odds. The Ponzi schemes is such that, they grow a pyramid as started by OP with a lot of referral packages of which it's growth is basically based on continual investing from investors but current and old. It's from these series of investing that ensures that the users or participants are paid but then, Bitcoin isn't like that. It is a one man thing and doesn't depend on new investors to get the go going. You get to choose the field of your participation either as a miner, trader or maybe just an investor or all of them.

[libert19]

Well then satoshi must be on top of pyramid, even without any marketing he made people buy it! 

[Mpamaegbu]

Arguing that Bitcoin isn't a ponzi is like arguing that Earth is round - any sane person knows it, and those who think otherwise are trolls or idiots. You shouldn't waste your time arguing with either.
Just like with Earth, there were times when people weren't sure, but those times are long gone. Everyone understands that if Bitcoin was a Ponzi, it would have disappeared long ago, or at least it was spoken about more often.

Well, we all (most people, anyway) are certain now that Bitcoin isn't a ponzi and we can look back and smile. But it wasn't that easy a choice to make buying it some 8-10 years ago. Even until 2017 Bitcoin was thought worse than a ponzi. People thought it was a scam and a bubble that would soon burst.

[cheezcarls]

It will never be a ponzi in my eyes. Most of us are just misinformed about Bitcoin, especially the Filipino community. They only understand Bitcoin because of the networking model. These scammish network marketing companies are using as front in their investment packages that are too good to be true.

People need to be educated about the real and positive use cases of Bitcoin, cryptocurrencies and the blockchain technology. Since 2018, it was my passion to educate the Filipino community about the real Bitcoin and not those fraudulent companies who are using Bitcoin as front in their scammish schemes.

Youtube, Google, Wikipedia, Bitcointalk and other sources are our best friends to get the right information we need about Bitcoin.