Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin a Ponzi scheme?
by
arsenti
on 26/06/2018, 07:27:48 UTC
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?

Early investors are at advantage with bitcoin investment because they took more risks. This does not make bitcoin a ponzi scheme.