Post
Topic
Board Beginners & Help
Re: To those that say bitcoin is a pyramid scheme
by
Mike Christ
on 07/04/2013, 22:53:46 UTC
All bitcoins will be found by 2033 I believe and if there isn't enough transaction fees by then to pay the electicity people will just switch off their computers.

It is a pyramid scheme in the sense that the supply of coins is being limited and so they become rarer over time.

This doesn't enable stable prices and will hinder shop take-up of bitcoins because anyone holding stock is losing value on it all the time bitcoin is gaining value.

Quick note; all BTC will be found sometime in 21xx; you forgot, the reward gets cut in half every so often Tongue