re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.

quote:

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Gizmo's playbook:

1. Ask for an explanation
2. Ignore explanation
3. Ignore more explanations
4. Make silly comparison of a cash/profit generating enterprise to bitcoin
5. Ignore he was wrong with his silly comparison
6. Declare victory and takes his ball home

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After step 1, the replies were:

"It's a ponzi because I say it is."
"I already explained how it's a ponzi."
"Read the OP article."

Step 2 is moot because there was no coherent explanation in the first place.

Step 3 is moot because there was no coherent explanation after repeated requests for one.

Step 4 falls right in line with how you described the bitcoin operation.

Step 5 is moot because I've never been proven wrong.

Step 6 is moot because I'm not out for victory.... All I want to know is how bitcoin is a ponzi scheme, and I have yet to hear any rational, logical, realistic set of evidence, facts, circumstances, explanation, or the like, tending to show that it is a ponzi.


once again, early adopters profiting =/= ponzi