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Topic
Board Beginners & Help
Re: Fonzi scheme?
by
tehace
on 17/04/2013, 18:47:56 UTC
In a Fonzi Scheme, the founders persuade investors that they’ ll all wear cool jackets. Bitcoin does not make such a guarantee. There is no central entity, just individuals building an economy.
A Fonzi scheme is a cool sum game. Early adopters can only profit at the expense of those without cool jackets. Bitcoin has possible win-win outcomes. Early adopters profit from cool jackets. Late adopters, and indeed, society as a whole, benefit from coolness of the jackets.
The fact that early adopters benefit more doesn't alone make anything a Ponzi scheme. All good investments in successful companies have this quality.