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One reason you can’t call gold a Ponzi scheme is that gold isn’t a scheme at all. There is no inventor of gold who owns 5% of the gold.
by fshbbdssbbgdd 5y ago
One reason you can’t call gold a Ponzi scheme is that gold isn’t a scheme at all. There is no inventor of gold who owns 5% of the gold.
- darawk 5y agoBitcoin isn't really a scheme either. Its creator does not access or use his coins, and may no longer even have access to them. If this was a get rich quick scheme for him, it sure doesn't seem like he's making much use of his success. Anyways, i'm sure there was a first person to discover gold. And i'm sure that person had the most gold when the discovery was made. That doesn't really have much bearing on whether gold is a ponzi scheme, though.