They really don't know what they are talking about...
If you have been around bitcoin for any length of time, you have likely heard someone call it a ponzi scheme...
The age old adage of new money having to come in in order to pay out the old money.
While that can also be said of gold or diamonds or any other collectible, it's a pretty common criticism with bitcoin among academics.
However, the next time you hear someone say that, show em this chart...
(Source: https://twitter.com/BitcoinMagazine/status/1697955437914607832/photo/1)
Which one really looks like a ponzi...
I have a guess!
Haha!! The fact is a lot of those suit-wearing policy makers don't want competition on the top of the food chain because BTC give you and I the financial freedom that they never had and might make us equals.
I'm never gonna listen to them; gotta listen to my bags on BG wallet' That's the way guys!!
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