But how do bitcoin fees related to its been a Ponzi scheme. Educate me more. Banks also take fees for the service they offer. And how are more people buying get to do with Ponzi scheme
Ponzi scheme means old investors get money from new investors. Bitcoin has no real use. A cruise missile has 16 kgs silver. Only blind investing in Bitcoin pushed its price from $400 to $10,000 in 4 years. That is super-HYIP.
10 times profit is 12 years looks OK. That way now Bitcoin should be $200 after its launch in 2009 at price of $1.