Re: Re: [FAQ] Is BitCoin a Ponzi or pyramid scheme? (Newbie-Friendly)
Another person telling me I shouldn't save my money for a rainy day.
I worked hard for my Bitcoins. I'll do whatever I damn well please with them. What's good for you might not be good for me. I don't need to consume everything under the sun to be happy.
easy man, ONLY those who 1 ) sell more than 1k bitcoins in the recent week; 2) and don't BUY anything with bitcoins for the recent week are criminals, seriously
. Do you mean you meet the standards?
if they sold bitcoins then they bought USD... so no one could meet both criteria
and... how is it criminal?
and... do you know what a ponzi is?
i do know what is speculation and what is a ponzi scheme and what is pyramid scheme.
Let's say, a miner has 100 k bitcoins, he sells 50 k for profit, he never buys anything with bitcoin, that's not a problem, it's his freedom perfectly. But if he tells people everywhere that bitcoin is the currency of the future, he's a disgusting liar and ponzi scammer. Does that sound reasonable? and if a substantial percentage of bitcoiners are this type of person, bitcoin is doomed and held victim of a ponzi scheme.
No...
If he has sold 50K bitcoins he has used those coins to buy USD, So it is impossible to both sell coins and not buy anything
People who save their coins mean someone else can get a good price for selling coins
People who sell their coins mean someone else can get a good price for buying coins
People who buy things other than USD with their coins mean someone else has a chance to save, sell or buy things with
all types are good