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

Posted on 4/18/13 at 10:31 am to
Posted by LSURussian
Member since Feb 2005
127307 posts
Posted on 4/18/13 at 10:31 am to
quote:

you just described every IPO

Wrong.

If you willfully ignore the cash/profit generating prospects of the company going public, which is what investors are buying into, then all you're really trying to do is play silly gotcha' games with zero substance or thought.
Posted by gizmoflak
Member since May 2007
11675 posts
Posted on 4/18/13 at 10:40 am to
12 pages and we have yet to hear credible arguments as to why bitcoin is a ponzi scheme


I've come to realize that the anti-bitcoin crowd just wants to paint the Ponzi scarlett letter all over it for whatever petty reason.


FTR, I'm not sitting on either side of the fence, and I don't have a skin in the bitcoin game, but all the incessant & disingenuous denigration of bitcoin is really annoying. It prevents any rational discussion of what, to me, is an intriguing technology.

This post was edited on 4/18/13 at 10:40 am
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