Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin a Ponzi scheme?
by
MrRiuss
on 10/07/2018, 18:30:15 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?
absolutely not a ponzi scheme. Bitcoin price is determined by supply and demand, not depends on who is at the top and bottom