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re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.
Posted on 4/18/13 at 9:36 am to gizmoflak
Posted on 4/18/13 at 9:36 am to gizmoflak
quote:The entity(ies) who created the scam. They allowed themselves the window to hoard a substantial number of bitcoins with the hope that the delusional paranoids of the world would bid its price up just so they could sell their large stash at select price points as new money came in to pay them off.
back to sqaure 1:
Who is the fraudster?
Posted on 4/18/13 at 10:26 am to LSURussian
quote:
The entity(ies) who created the scam. They allowed themselves the window to hoard a substantial number of bitcoins with the hope that the delusional paranoids of the world would bid its price up just so they could sell their large stash at select price points as new money came in to pay them off.
congrats, you just described every IPO
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