Quote from: Bloodseekers on January 24, 2018, 01:33:56 PM

Quote from: vkwame30 on January 20, 2018, 09:42:15 PM

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?

Lol ponzi?? really??. Dont trust your friend, he is one of many bitcoin haters. Use your wits,you know bitcoin not like that. Just wasting time talking about bitcoin with such a person like that. Tell your friend "if you dont like bitcoin, say what ever you want i dont care, lets see who will succes in the future"

Bitcoins were once accused of "Ponzi schemes" because Bitcoin exchange rates are constantly rising, while early bitcoin users are easier to mine. After prolonged discussions, the allegation is generally not recognized now.
And bitcoin's core developers have repeatedly and unequivocally emphasized that bitcoin is just an "experimental" project that repeatedly prompts the risks of investing in bitcoin.