Hey, I'm gonna do you a favor and quote the wiki for you:
Also a small warning, don't go around to forums and start slandering them when you haven't even done research!!!!
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In a Ponzi Scheme, the founders persuade investors that theyll profit. Bitcoin does not make such a guarantee. There is no central entity, just individuals building an economy.
A ponzi scheme is a zero sum game. Early adopters can only profit at the expense of late adopters. Bitcoin has possible win-win outcomes. Early adopters profit from the rise in value. Late adopters, and indeed, society as a whole, benefit from the usefulness of a stable, fast, inexpensive, and widely accepted p2p currency.
The fact that early adopters benefit more doesn't alone make anything a Ponzi scheme. All good investments in successful companies have this quality.
Now as the definition goes, A ponzi scheme is a zero sum game. Early adopters can only profit at the expense of late adopters. Bitcoin has possible win-win outcomes. Early adopters profit from the rise in value. Late adopters, and indeed, society as a whole, benefit from the usefulness of a stable, fast, inexpensive, and widely accepted p2p currency.
The fact that early adopters benefit more doesn't alone make anything a Ponzi scheme. All good investments in successful companies have this quality.
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In a Ponzi Scheme, the founders persuade investors that theyll profit.
no one is telling any one to invest in Bitcoins.Also a small warning, don't go around to forums and start slandering them when you haven't even done research!!!!
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This thread made me laugh 