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Bitcoin is a scam -- whether you call it a Ponzi or a Nakamoto scheme as suggested by Preston Byrne -- because the players are split into two groups, where each
by chx 5y ago
Bitcoin is a scam -- whether you call it a Ponzi or a Nakamoto scheme as suggested by Preston Byrne -- because the players are split into two groups, where each member of one group is guaranteed to win and the second en masse is guaranteed to loose, further they are funneling this loss to the members of the first group.
Edit: I can't answer for some reason below but I can edit this one, it's miners vs everyone else.
- barnabee 5y agoThis seems to be an incredibly simplistic view to me. I can’t even identify which of these two supposed groups I would fit into, let alone map it onto the rest of the people I’ve met who are somehow interested, involved, or invested in bitcoin…
- landemva 5y ago'it's miners vs everyone else.' That's what the big blockers thought, and they got their own BCH network to show for it. I can't find any adoption metrics to show that the miner-controlled BCH chain has won. On BTC, miners just run the code and get rewarded to do that simpleton job.