> where people make representations about bitcoin’s eventual value through network value, but it turns out there is nothing to it. That's not a Ponzi scheme, t

> where people make representations about bitcoin’s eventual value through network value, but it turns out there is nothing to it. That's not a Ponzi scheme, that's a market bubble. There's nothing gained by misappropriating existing jargon just to try and lend more credence to an assertion that a thing is bad. Imagine if someone were trying to argue that a MacBook's motherboard is just one big integrated circuit because it's a circuit (natch), and solder has been used to integrate it all together. On the one hand, sure I can why someone who isn't a computer techie might see it that way. On the other hand, that's simply not what that term means.