Not only is it unfair to call it a Ponzi scheme, it is plain wrong. Otherwise, also the trusty rusty fiat currencies would be Ponzi schemes, and art, and Gold, and [fill in whatever type of physical or fictional asset].
RE: Bitcoin - A Pyramid/Ponzi Scheme? (Part 1)
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Bitcoin - A Pyramid/Ponzi Scheme? (Part 1)
Not understanding something totally does not mean that we have to label it something negative.
New technology and the shouting and promotion of it should be analyzed with an open mind.
Similarly, pro-Bitcoin enthusiasts should take heed not to engage in unnecessary debate with someone who is closed-minded lest they get the blame for taking unnecessary loss, eg. investing without clarity and understanding.
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