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Reminder: Instability? Yes, bitcoin is a ponzi and will collapse. Learn how the investment fraud works. [1] [1]: https://github.com/openblockchains/bitcoin-pon

• gvv 6y ago
  Nocoiners said that at every single price and adoption milestone...
  • totalZero 6y ago
    You can make money in a Ponzi scheme, too. Just saying.
    • Applejinx 6y ago
      Until you can't. And that's the parallel right there: in practical terms, it's a scam for rewarding those that are insiders. Bottom line is there is no exit strategy for 'suckers' who are meant to be left holding the bag. When collapse is part of the curve and denial is part of the sales pitch, it might not literally be an exact Ponzi scheme, but you're meant to be one of the smart ones hyping and profiting off the dumb ones who chronologically come after you. That's the profit strategy.
      • behringer 6y ago
        Which suckers are meant to be holding the bag? At what point does bitcoin become useless altogether?
• gruez 6y ago
  "Needing new buyers for price to increase is not the definition of a Ponzi scheme" https://news.ycombinator.com/item?id=26203396 https://news.ycombinator.com/item?id=26203396