Quote from: Shadow383 on August 16, 2012, 06:26:23 PM

Quote from: unclescrooge on August 16, 2012, 06:13:12 PM

Quote from: gene on August 16, 2012, 03:19:20 PM

What is pirate and shills' response to http://www.theverge.com/2012/8/15/3243200/bitcoin-ponzi-schemes-savings-and-trust?

I like the quote by Gavin:

Quote from: Gavin Andresen on July 23, 2012, 02:40:10 PM

Good advice that I expect will be widely ignored: only invest in what you know.

So-called high yield investments are (almost?) always dressed-up Ponzi schemes. If you "invest" in them then please lick your wounds quietly when they implode. And if you're one of the lucky few who make money on them, don't expect me to admire your investing wisdom, any more than I'd admire the number-picking brilliance of a lottery winner.

(my emphasis)

Aside: Thank you shills, for helping me sharpen my Perl web-parsing skills!

Bitcoin itself is a high yield investment (relative to other currencies), so according to you it's a ponzi?

In what possible sense is bitcoin an HYIP?
Bitcoin is just a means of exchanging capital, it has no returns structure whatsoever. Stop trying to confuse the issue.

In term of real wealth, bitcoin is a high yield investments (for now at least, and yes, with no garantee whatsoever). It does yield wealth to buy bitcoins.