> Well, in a nutshell, it's not a Ponzi scheme, which is not just a random slur you can fire at anything that vaguely seems like fraud, but a specific scheme th

> Well, in a nutshell, it's not a Ponzi scheme, which is not just a random slur you can fire at anything that vaguely seems like fraud, but a specific scheme that works in a specific way. Please explain. How is Bitcoin not a Ponzi scheme? It checks all boxes: - No immediate value, nothing in Bitcoin has worth outside of it. No IP, no machines, no added value to society - Old investors get paid exclusively by new investors (buy at $500, sell at $3,000) - Heavy marketing by old investors through promises of extreme gains ("if you bought in 2011, you'd have made 10,000% gains right now!")