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I don't see how Bitcoin is a pyramid scheme. I don't need others underneath me to be producing/selling/mining so that my existing BC have value. If you think
by DamnYuppie 8y ago
I don't see how Bitcoin is a pyramid scheme. I don't need others underneath me to be producing/selling/mining so that my existing BC have value. If you think it is a sham or a con that is one thing, but a pyramid scheme it isn't.
- lopatin 8y agoI think he meant ponzi-scheme, which would be true if Bitcoin didn't have any purpose. Anyways, this debate has been settled for us by the US government, it's a commodity.