Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Rather like the USD government debt then , which depends either on selling more debt to new investors to pay off its existing investors or on creating more tokens to do the same. Point the finger of Ponzi or pyramid where it really belongs, central banks and managed fiat currency.
Yes and we are all little hamsters making more little hamsters with shitty jobs to strive the economy
Well, people are buying bitcoin, but not your turd, that proves that it is worth more than your turd. Basic economics.
That does not proof a fundamental value. "People" buy everything if they believe in it.
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It's not a Ponzi scheme because there is no Ponzi. From wikipedia " Operators of Ponzi schemes can be either individuals or corporations", bitcoin is neither.
Wow you are clever in quoting wiki. Maybe there's the possibility that many "all hail the Bitcoin"-people are just a proxy for a rather large Ponzi?
So now it it not a Ponzi but a pyramid schmeme?
Oh come on. You know it can be interpreted in both ways.