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> it's a " ponzi scheme" that has been going on for 12 years now, and there are no signs of this stopping. I think we can safely stop calling it a ponzi scheme
by hiq 6y ago
> it's a " ponzi scheme" that has been going on for 12 years now, and there are no signs of this stopping. I think we can safely stop calling it a ponzi scheme
Not saying that calling Bitcoin a Ponzi scheme is particularly insightful, but if I believe Wikipedia, Madoff's Ponzi scheme had been going on for more than that when it was brought to a halt.
- jerrymiller 6y agoTo describe Bitcoin as a ponzi, you must apply a very loose definition, which will necessarily be applicable to other assets as well. More on this: https://www.swanbitcoin.com/why-bitcoin-is-not-a-ponzi-scheme-point-by-point/ https://www.swanbitcoin.com/why-bitcoin-is-not-a-ponzi-schem...