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?
If you don't have any idea of what is bitcoin and how it works it is really fishy and sounds like a ponzi scheme. Bit if you take the time to try and see what it is then you will surely see that it is real. Those people who believe that bitcoin is a big scam eother have been misinformed by bad rumors or media whobare against it.
This has been a notorious question in the world of cryptocurrency that has baffled generations and generations and generations of newcomers in the industry of cryptocurrency. Well to be fair, bitcoin itself shares a resemblance between a ponzi scheme like the fact that it massively depends on its users for it to continue to surface in the market, as well as the lack of concrete value.