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?
Bitcoin is real project with the aim to help us transact conveniently and with that argument, you can already prove it is not a mere ponzi scheme. Maybe people see it as a ponzi scheme because it goes up and down drastically but it is not. That is the true nature of the market and not a quality of a ponzi.