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Are they not all (bitcoin, eth etc.) ponzi schemes?

• taoistextremist 9y ago
  Ethereum at least acts as a platform for other things so it has utility outside of being currency. Bitcoin definitely feels more like one lately, though.
• alexasmyths 9y ago
  The thing about them is technically they are not. But - they can be used as schemes. And that's what makes them powerful as schemes - the veneer of credibility that actual bad actors can hide behind. Which taints the good actors.
• SippinLean 9y ago
  You're aware that a Ponzi has a very specific definition, more specific than "scam," correct? Neither Bitcoin nor Ethereum have a central operator generating returns for older investors by disproportionately funneling revenue paid by new investors to them. When the price rises, new and old investors profit equally. You could use BTC as a currency in a Ponzi, Bitcoin being a Ponzi would be impossible by definition.