Many people misunderstand what the Ponzi scheme is. In Ponzi scheme you get a dividend without selling off your shares. The fraud here is to tell you that the d

Many people misunderstand what the Ponzi scheme is. In Ponzi scheme you get a dividend without selling off your shares. The fraud here is to tell you that the dividends are taken from real profits while they are paid from extra recently sold shares. You get both cash and keep your stock. Bitcoin is like a dividend-free stock or commodity: you have to sell your share to get some cash. Of course, those who come earlier get easier access to more shares, but they are exposed to a higher risk. Zuckerberg had 100% of Facebook initially and was selling it partially to get more cash to keep it going. When he started anyone could do the same, but not many succeeded. Later investors were willing to pay higher amounts of money when the value of the company became more certain in their eyes. But in each case, the owners of stock had to lose some part of it to enjoy extra cash. Also, consider this approach: http://auroracoin.org http://auroracoin.org These guys intend to distribute coins "fairly" to each individual in Iceland. Sounds like a fair distribution? Well, once some individuals get this weird coin, they will decide if they want to keep it. And some of them will sell them to collectors for cheap. This will make the price go down noticeably and cause more folks to get rid of such coins. So they will end up for very cheap in the hands of a very few "early adopters". Whether it will start growing organically from there or not - is another question, but you can see that you cannot force "equality and fairness" on the market. It will reconfigure itself according to everyone's personal preferences. And in case of a weird new tech it will always mean little number of early believers vs. big number of mainstream doubters.