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Lets assume it is a ponzi scheme and then make judgments based on that assumption.
by fwiwm2c 6y ago
Lets assume it is a ponzi scheme and then make judgments based on that assumption.
- saalweachter 6y ago... when people make money off Bitcoin, where does that money come from? At least when the scam is selling shares of an imaginary gold mine, there is hypothetically somewhere for the profits to come from. With Bitcoin, there is only a $12B/year loss to electricity charges and no where for money to come into the system but absurd transaction fees.
- fwiwm2c 6y agoMy brain hurts when reading these silly replies. It is like you don't want to learn how things work. BTC has value because people assign to it and there is new money coming in (fiat converted to BTC) which is what makes the existing investors rich. You all do deserve to stay poor and be labeled as #nocoinists.