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There is Satoshi's wallet in the root, no need for authority as we can see.
by dandanua 6y ago
There is Satoshi's wallet in the root, no need for authority as we can see.
- JxLS-cpgbe0 6y agoYes, there is need for a central authority, Charles Ponzi for example. They actively and consciously channel the funds from new, defrauded investors, to that authority. BTC is not a Ponzi Scheme ; Satoshi is not steering the profits from a pump-and-dump. Passively profiting off new investors buying BTC does not make a Ponzi Scheme. Market manipulation is not a Ponzi Scheme. A Pyramid Scheme is not a Ponzi Scheme. "Ponzi Scheme" has a real definition.
- dandanua 6y agoAgree, I've used it in a more general sense. I mean it's just like a pyramid.
- JxLS-cpgbe0 6y agoIt's not a Pyramid Scheme either, there is no central authority. The benefits of a Pyramid scheme are specifically not investments, but instead explicitly payments for recruiting. Pyramid Scheme also has a real meaning.