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?
Its not a ponzi scheme, Bitcoin represents a completely level and fair playing field because the economics of adoption and growth cannot be controlled by anyone, Math is eternal, It is certainly a lot more durable and trustworthy than governments, Bitcoin is the future of money, Yet governments needn't fear it Gradually, governments are recognizing that widespread use of cryptocurrency presents a far bigger opportunity than a threat,