Quote from: BitchicksHusband on December 18, 2013, 06:14:19 AM

Quote from: lm2f on December 18, 2013, 03:15:02 AM

Quote from: accord01 on December 18, 2013, 03:08:32 AM

Here is the thing though, like any of those 47 individuals or less, could just destroy some ppl's lives with barely any of their holdings...

This is exactly what makes bitcoin a Ponzi scheme. By buying into bitcoin and driving up the price you're just making the early adopters ricer.

That's how stupid people are.

A sucker is born every minute.

If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a currency that doesn't even exist, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC stock and more time getting remedial education.

The Pareto Principle (which is shared by all financial systems) makes bitcoin a Ponzi scheme?

What is worse? Bitcoin or US Dollar?