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I would not call BTC a ponzi, but it is indeed true that BTC‘s value is not derived from debt.
by mccorrinall 4y ago
I would not call BTC a ponzi, but it is indeed true that BTC‘s value is not derived from debt.
- knorker 4y agoIt's not entirely a ponzi scheme. But what remains is crime.
- highwaylights 4y agoI'd lean more on the side of calling it a Ponzi, but I think in either case it'll only be clear in retrospect. It'll either: 1) Stagnate. You'll need to wait a really long time for answer. 2) Crash or trend to zero. This would mean momentum is exhausted and money is leaving the table - it's always been a Ponzi in this case. 3) Continue until it finds a utility or it genuinely becomes a store of value. I doubt this outcome very much (I actually think it's impossible due to inherent features of bitcoin), but what do I know? I'm just one person on the internet. Not a Ponzi in this case.