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Topic
Board Service Discussion
Re: Mtgox claim officially turned bitcoin into Ponzi
by
Furyan
on 14/04/2013, 14:04:29 UTC
We'll know if Bitcoin is a Ponzi when the last miner is powered down and the last slice of pizza is eaten.

That would seem to indicate a basic lack of understanding of the bitcoin protocol.  If the miners shut down completely, there's nothing to confirm transactions. That doesn't make it a ponzi anymore than having computers store your bank account balance makes earning money at your job a ponzi.