Oh wow. This is unbelievably bad. Bitcoin may be a scam on so e level, but it is not a Ponzi scheme. The linked article seems to miss the most important proper

Oh wow. This is unbelievably bad. Bitcoin may be a scam on so e level, but it is not a Ponzi scheme. The linked article seems to miss the most important property of such a scheme: Incoming capital is misrepresented as returns and passed back to investors. Bitcoin does not pay dividends. There are no returns in Bitcoin, only pure capital speculation. As there are no returns, there is no misrepresentation of capital inflow as returns and no Ponzi scheme. Bitcoin is more like a tulip...