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How in god’s green earth do you arrive at this conclusion. I’m convinced having read the comments here that nobody actually knows what a Ponzi is.
by qeternity 5y ago
How in god’s green earth do you arrive at this conclusion.
I’m convinced having read the comments here that nobody actually knows what a Ponzi is.
- samwilliams 5y agoPut aside for a moment the name for the 'scheme' and consider the mechanism design differences between USD and Bitcoin: - USD is needed in order to pay taxes on the US, but can be printed arbitrarily by a centralized mint. - Bitcoin has no fundamental demand driver, but does have a truly capped supply. Why is it so obvious that USD is a preferable scheme?
- qeternity 5y agoWhat sort of straw man response is this ? I never said USD is preferable. I said that fiat currencies are not ponzis.