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Is Bitcoin a ponzi-scheme?

PostPosted: Thu Apr 17, 2014 10:48 am
by chetan
Is Bitcoin a ponzi-scheme?

Re: Is Bitcoin a ponzi-scheme?

PostPosted: Thu May 22, 2014 4:22 am
by kyletorpey
Bitcoin is not a ponzi scheme. If Bitcoin was a ponzi scheme, then literally every other currency in human history would also have to be a ponzi scheme. Currencies rise in value as they become more widely used by default, so it makes sense for the value of bitcoins to rise over time.The US dollar became more valuable as the United States became more powerful as a country, but not many people would say that the US dollar is a ponzi scheme. You could also make the same argument for companies like Facebook. Facebook stock becomes more valuable as more people use the service, but that does not mean that the service is a ponzi scheme.