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If bitcoin is a ponzi scheme then every publicly traded asset is a ponzi scheme.

• timwaagh 9y ago
  most of these assets get you something. like (parts of) voting rights in a company. or the ability to sell those rights at a fixed price at some fixed date. bitcoin just offers you the right to say 'i got 10 bitc'. if you'd say every currency is a ponzi scheme that is harder to disprove. because if space aliens invade and bring their own currency, your dollars will be worth zero. all the same real central banks have the ability to adjust money supply depending on demand. which ensures that money keeps its value as long as government does not fall. bitc is worse, because it annot insure this. because it has no central bank and its supply is more or less fixed, ensuring that once demand drops, the value of bitc drops as well.