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Topic
Board Beginners & Help
Re: YouTube: why BitCoin is not a ponzi scheme.
by
BitCoinBarter
on 22/06/2011, 18:21:56 UTC
I made a video explaining why BitCoin is not a ponzi scheme. Unfortunately many people call it that way, and I decided to address that issue:

http://www.youtube.com/watch?v=KCaYBsrz4k4

I hope my video is a contribution. Long live BitCoin.

I haven't seen the video.

However if someone thinks BitCoin is a Ponzi Scheme, then they do not know what a Ponzi is.
They may just think that BitCoin is a scam (Ponzi is a scam, however it is a certain type of scam).

Hopefully the video explains what a Ponzi is. Why BitCoin is not a Ponzi and a scam in general.