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Ponzi is also derogatory. You should not dismiss the fact that Bitcoin kicked off blockchain as a technology, got a lot of people into a sort of financial playg
by quchen 5y ago
Ponzi is also derogatory. You should not dismiss the fact that Bitcoin kicked off blockchain as a technology, got a lot of people into a sort of financial playground, had questionable value and utility initially, and all that.
All that considered, you might still call it a Ponzi scheme if you really wanted to, but it certainly isn’t only a Ponzi scheme.
- diarrhea 5y ago> Bitcoin kicked off blockchain as a technology "Started at the bottom, now we a little bit above the bottom"