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Re: Mtgox claim officially turned bitcoin into Ponzi
by
cbeast
on 14/04/2013, 17:50:12 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.
I said nothing about the bitcoin protocol. Having the miners cease their function is the only analog in Bitcoin to a Mr. Ponzi ceasing operations. I also don't have any reason to believe there is any probability that the Bitcoin network will cease for many years.