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?
I still can't believe that in 2018 there are people that call bitcoin a Ponzi scheme. I wonder if they know what a bitcoin is, how it works etc etc. And also if they actually know what a Ponzi scheme is, probably they just read this expression somewhere...