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But where is the fraud? Anyone can do their own research and come to conclusions about the future valuation of Bitcoin.
by tlrobinson 9y ago
But where is the fraud?
Anyone can do their own research and come to conclusions about the future valuation of Bitcoin.
- Someone1234 9y ago"Victims should research before they're taken advantage of" isn't a very moral argument. I prefer to think of Bitcoin as a pyramid scheme, if we look at the definition of that: "A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services." That's all Bitcoin has become, you buy in, then spend your time convincing others to do the same to increase your investment. If a technical flaw is found in Bitcoin the whole thing will collapse like a house of cards (or just collapse from the weight of ever increasing transaction fees).
- tlrobinson 9y agoI'm arguing that Bitcoin is not a "Ponzi scheme", which has a specific meaning, not that it's not a bad investment.