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Why "unlike BTC"? (serious question!)
by mrspeaker 13y ago
Why "unlike BTC"? (serious question!)
- lingben 13y agonot ponzi but 'pump and dump' and that label is apt for bitcoin as well
- javert 13y agoA Ponzi scheme is well-defined. Bitcoin is well-defined. The definitions are not the same.
- teraflop 13y agoThat doesn't answer the question. LTC is also well-defined (it's almost identical to BTC) so how is it a Ponzi scheme if Bitcoin isn't?
- javert 13y agoIf by LTC you mean Litecoin---litecoin is not a Ponzi scheme, either. Like BTC, it does not fit the definition. Even if the creators of BTC or LTC were intentionally setting out to defraud people, it would not be a Ponzi scheme.