> I mean honestly most people who buy bitcoin aren't looking to spend it or use it because of convenience, they are looking to hold it in the hopes that the pr

> I mean honestly most people who buy bitcoin aren't looking to spend it or use it because of convenience, they are looking to hold it in the hopes that the price continues to go up and on the way encouraging everyone they know to buy in to drive up the price. Even if that's true, that doesn't make it a Ponzi scheme. A Ponzi scheme is an investment in a phony entity run by a fraudster (the Ponzi) who's promising guaranteed returns and lying about the existence and nature of what the investment is. New money making early investors rich is not a defining feature of nor unique to Ponzi schemes. Ponzi schemes require a Ponzi, intentional fraud, and a fake investment. Bitcoin is none of these things; it's not even remotely similar to a Ponzi scheme. No one is being lied to about what Bitcoin is, there's no fake investment here, Bitcoin is a real and functional payment network. There's no guarantee of returns here. Stop spreading FUD. Gox is not Bitcoin, Mark being a criminal doesn't make Bitcoin a Ponzi scheme.