Post
Topic
Board Bitcoin Discussion
Re: The Ponzi scheme argument
by
Tronlet
on 15/07/2011, 16:42:01 UTC
Quote
Differences with Bitcoin:

Blabla.

1. Invest in me, I am BTC, or any other commodity, currency, or investment, I only gain in value. However, nobody actually creates a justifyable increase in value outside of speculation/being told so(150% gainz!!111). It is thus "empty". There is no reason a BTC, or any other commodity, currency, or investment, should be worth something other than people who "believe the story".

2. Get told: Oh sure, cash out anytime you want with the profits made! It's a currency!

3. If all BTC, or any other commodity, currency, or investment, holders were to attempt to cash out RIGHT NOW, there would be a huge percentage that would not be able to find any takers.

4. Different to ponzi in 0 ways.

5. Huh

6. Profit!

So, what you're basically saying is that bitcoins, USD, gold, silver, wheat, salt, rice, beef, pork, etc, are all Ponzi schemes.