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The mob isn't running bitcoin as a Ponzi scheme. People who buy bitcoin are not mobsters. There are different waves of investors from the true believers who m
by ipaddr 5y ago
The mob isn't running bitcoin as a Ponzi scheme. People who buy bitcoin are not mobsters.
There are different waves of investors from the true believers who mined because the idea was powerful to the mt gox crowd, coinbase newbies, wall street / hedge fund crowd. Each group has a different reason. The latest groups are looking to make money and the earlier adopters have moved to a less popular more ideological coins with advantages over bitcoin.
Mafia no.. something else yes.
- bb88 5y agoI think you miss the point. Ponzi schemes can be run by multiple organizations, and agreeing to a scheme together without signing legal formalities. The big example of this would be the 2008 banking crisis where CDO's were bought and sold by multiple banks, but ended up being worth less than the pieces of paper they were printed on -- even though the banking industry should have known this were the case. Once it was known, they sought to protect themselves first -- "Too big to fail", TARP were common terms of the time.
- gunshai 5y agoThis isn't even true you can track wallet addresses and see their movement overtime. Look up a graph called hash ribbons. People hold btc for very long periods of time.