Bitcoin Steemit and all Altcoins are Ponzies. But it's fine

trevonjb (74) in trevonjb • 9 years ago

In this video I talk give my thoughts on why I think ALL crypto are ponizi schemes and why it is ok.

9 years ago by trevonjb (74)

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streetstyle (72) · 9 years ago

@trevonjb When the US Federal Reserve print 1 Million US Dollars, and then loans it to a Bank, that Bank can now make 10 Million US Dollars worth of loans. Money(debt) out of thin air. Talk about a ponzi scheme. Anyway, my 2 cents, literally.
@streetstyle
bitcoin messiah - the story

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dtsddace (51) · 9 years ago

@travonjb, when people don't understand what a #ponzi actually is, they end up saying things that make no sense, and illustrates their ignorance. The dangerous thing is other people listening to them and missing out on viable opportunities to make money as a result.

Here's some background on the man for whom the fraudulent scheme was named:

https://en.wikipedia.org/wiki/Charles_Ponzi

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thecryptofiend (74) · 9 years ago

Everything is a Ponzi until it becomes successful and goes mainstream.

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irit (50) · 9 years ago

I upvote U

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