Post
Topic
Board Economics
Re: Are terms pyramid scheme and ponzi scheme misused?
by
atc1
on 24/11/2013, 10:30:45 UTC
Bitcoins are neither. They neither depend on more people joining,nor is the inherent value of a BTC dependent on newer adopters. These allegations of it being either a pyramid or ponzi scheme stem from the suddenly rising value of it,but that value inflation is due to pure demand-supply equations rather than anything else.