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Shares are fractional ownership of a company that can grow or shrink. The whole point is that their value corresponds with the total value of the company. It
by Goladus 9y ago
Shares are fractional ownership of a company that can grow or shrink. The whole point is that their value corresponds with the total value of the company.
It becomes a ponzi scheme when the only value from early shares comes from investment in later shares. That's what's happening with bitcoin.
- 0wing 9y agoIt's also simply how the supply is produced. Satoshi made a machine that prints money if you do work. He made it so it only required a small amount of work to begin with and as time goes on, someone else with the same machine and the same work gets less. It's made even worse because there were less users battling over the larger easy production near the start, and more and more users fighting over less and less output. tl;dr it's even more malicious than a ponzi