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The argument is that Bitcoin is a decentralized, globally distributed Ponzi scheme, in the same way that it asserts itself to be a decentralized, globally distr
by amarkov 9y ago
The argument is that Bitcoin is a decentralized, globally distributed Ponzi scheme, in the same way that it asserts itself to be a decentralized, globally distributed payment network. It seems unfair for Bitcoin proponents to go around saying "it's gotta be centralized or it's not really X".
- SippinLean 9y agoUnless the most basic definition of X relies on a central actor, like a Ponzi. In which case it's not only fair, but accurate.