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 agree first of all because bitcoin's developer/s have already disappeared and therefore there is nothing to ponzi unlike alt coins that actually have active developers capable of redoing the codes. Bitcoins are far from being a ponzi scheme because it is merely a coin no one controls.