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Sure, but you're arguing Bitcoin is a "Ponzi scheme", which has a specific meaning, not just a bad investment.
by tlrobinson 9y ago
Sure, but you're arguing Bitcoin is a "Ponzi scheme", which has a specific meaning, not just a bad investment.
- tptacek 9y agoRight. Again: look at the characteristics of a Ponzi: * Outsized returns * All the returns are funded by successive waves of investors * Most "investors" hold, riding it out in the hopes of accumulating gains * Easier to get into than out of, even if some eventually can
- tlrobinson 9y agoAlso: * Fraud