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?
Of course Bitcoin Ponzi is not the project. bitcoin is a digital currency and Technology is the currency. The journey of this currency started using the internet in the 1980s. This coin is doing its job without any administrator. So I think Bitcoin is not a Ponzi project,Rather, a tool to invest Bitcoin products.