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Those who got in early made almost infinitely more than those who got in later (or who lost) - classic Ponzi scheme. So did people who invested early in Apple,
by petercooper 6y ago
Those who got in early made almost infinitely more than those who got in later (or who lost) - classic Ponzi scheme.
So did people who invested early in Apple, domain names, or property in Manhattan. I think the bare minimum you'd need to define something as being a Ponzi scheme is, well, a scheme - that is, an intention to defraud people, and I don't see such intent in the creation of Bitcoin.