Post
Topic
Board Bitcoin Discussion
Re: The Ponzi scheme argument
by
JoelKatz
on 15/07/2011, 15:22:00 UTC
4. Bitcoin is a currency, not an investment. You may choose to invest in this currency with the hopes that it will increase in value but it is not required for it to function in its intended role.
Thanks for that. That's the best one sentence explanation for why bitcoin is not a Ponzi scheme.