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Most of your points are reasonable, but your last ruined it all for me. > I'm not sure if they give that award to ponzi scheme creators A Ponzi scheme require
by TomGullen 13y ago
Most of your points are reasonable, but your last ruined it all for me.
> I'm not sure if they give that award to ponzi scheme creators
A Ponzi scheme requires new money all the time for it to continue. If new money stops going into Bitcoin, it's not doomed to collapse like an actual Ponzi scheme. Bitcoin is not a Ponzi scheme.
- drakeandrews 13y agoPretty sure if all the miners stopped mining, bitcoin would be dead in the water, unless there is a secondary transaction mechanism that doesn't rely on miners.
- nkuttler 13y agoPretty sure if all humans stopped working, the human race would be dead in the water. Sorry, but what you said is absurd as long as bitcoin has value.
- PaulRobinson 13y agoYou need to read it in conjunction with the sentence that follows it - I'm saying the burden of proof that it isn't a Ponzi scheme in public perception is currently on BTC, not that it is a Ponzi scheme.