Started By
Message

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

Posted on 4/13/13 at 4:43 pm to
Posted by Doc Fenton
New York, NY
Member since Feb 2007
52698 posts
Posted on 4/13/13 at 4:43 pm to
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.
Posted by gizmoflak
Member since May 2007
11667 posts
Posted on 4/13/13 at 4:49 pm to
quote:

bitcoin really doesn't fit the common definition of a Ponzi scheme at all


but but but Russian said it was

Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72993 posts
Posted on 4/14/13 at 8:51 am to
quote:

I'm not really sure why anybody would think that it does.



just playing along. not sure if bitcoins is or not, I did not make that claim, but we know SS is!
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram