I had arguments with my friends who are always tagging bitcoin with negativity. Today, we argued and I educated them on bitcoin and Ponzi scheme. To me Ponzi scheme is when developers takes money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin is not like that. Do you think I am right?
The first thing Ponzi's hoax promises to return is that bitcoin is not promised to pay off, and Bitcoin does have some technology and effect, such as anonymous payments, bitcoin is accepted by a large number of people, but also a voluntary principle