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But there is a lie. The lie is the supposed value in USD of the bitcoins you hold.
by user-the-name 6y ago
But there is a lie. The lie is the supposed value in USD of the bitcoins you hold.
- ghodith 6y agoI mean, if the person can transfer them right now for that amount in USD how is it a lie?
- user-the-name 6y agoIn a Ponzi scheme, you can transfer your funds right now in USD as well. Exactly the same situation.
- mumblemumble 6y agoLike I said up above, even if, for the sake of argument, it were subject to market manipulation, that would still not make it a Ponzi scheme. Not every financial crime is a Ponzi scheme.
- user-the-name 6y agoThe market manipulation is not the issue here. The issue is that Bitcoin acts exactly like a Ponzi scheme in practice, even if there is no central fraudster driving it.
- deleted 6y ago[deleted]