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re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.
Posted on 4/13/13 at 11:00 am to LSURussian
Posted on 4/13/13 at 11:00 am to LSURussian
quote:
Bitcoins....
and social security (if the gubment was not running it)
1
Posted on 4/13/13 at 4:43 pm to Fat Bastard
Unlike Social Security, bitcoin really doesn't fit the common definition of a Ponzi scheme at all. Honestly, I'm not really sure why anybody would think that it does.
price bubble that develops from a controlled supply of assets produced or shares distributed =/= Ponzi scheme
I mean, shite, by that logic, every startup company that gave new shares away to mezzanine VC investors would be a "Ponzi scheme" too. That doesn't necessarily mean that the startup in question isn't filled with fraudulent crap or part of a price bubble, but that's completely different from being a Ponzi scheme.
price bubble that develops from a controlled supply of assets produced or shares distributed =/= Ponzi scheme
I mean, shite, by that logic, every startup company that gave new shares away to mezzanine VC investors would be a "Ponzi scheme" too. That doesn't necessarily mean that the startup in question isn't filled with fraudulent crap or part of a price bubble, but that's completely different from being a Ponzi scheme.
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