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Bitcoin is nothing and will never be anything outside of a Ponzi scheme. It's useless when fiat still exists (along with the governments to back it). And if th
by jowdones 4y ago
Bitcoin is nothing and will never be anything outside of a Ponzi scheme.
It's useless when fiat still exists (along with the governments to back it). And if the Atomic Holocaust arrives, good luck buying your way out of Warsaw Ghetto with some stupid numbers stored on distributed hard drives when the infrastructure has been reduced to smoking shreds.
- helloworld11 4y agoThe stupidity is in insisting that Bitcoin is a ponzi scheme, like some sort of parrot that only knows how to repeat words heard from others without thinking of context or mechanics. Many people have used BTC for their own ponzi schemes (just as many have used dollars for the same) and many much newer crypto tokens and projects have indeed been ponzi schemes, but Bitcoin itself, no. It's a mathamatical protocol that can be used for bad or good or anything in between. Since it's not owned by any one person or group and doesn't even at all fit the literal definition of a ponzi scheme (look it up, it takes just a few seconds, most definitions mutually agree), saying that it is a ponzi scheme demonstrates, ignorance,, stupidity at basic definitions, emotionally hateful dishonesty or a mix of all three.