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?
Bitcoin is currently considered a ponzi form and is intended to scam. These are the intentions of many people and I think it's not true. Satoshi has created Bitcoin with a passion and I believe he will not use it to cheat people.