Anyone can call it ponzi scheme and fraud but if you think of it, everything worldly is fraud. You buy apple products with thousands of dollars but how much are they really worth? Why would people give out thousands of dollars for a macbook when they can buy a laptop for $300? Is it really worth that much or is it just another ponzi scheme that apple is bringing to the world better gadgets than any other brands? So we're talking about bitcoin now. What are we really paying for when we buy bitcoin? We pay for an online program and the people running the program helping transactions go through, or we call mining. Miners put in so much time and most especially the cost of mining is so much. That is merely the reason why bitcoin will cost much and if incase it will dive too low and will not be enough to pay for miners, then that could be the time bitcoin will die, or not.
well i think its because there is a lot of people used bitcoin as a ponzi or a scheme to scam other and after that the news will be spread by the people who has been scammed and other people will think that they need to avoid being scam and telling bitcoin is a scam scheme economy and other people alert with that situation, we all know that the bitcoin is not a scam so dont worry if they dont wan to hear anything about this let them.