Quote from: Ibian on January 14, 2014, 11:47:47 AM

No. You are wrong. Look it up, there are very clear definitions.

Only thing different with any other pyramid scheme, is the reward system. Usually, pyramid schemes use an individual reward system. Meaning, there is a fixed reward that goes directly to the older member for every new recruit and for other recruits that come after the new recruit. With bitcoin, the reward system is more general. Meaning, if you recruit someone, then everyone who are already in the pyramid will get an equal amount of reward. I think that this is a smart trick, since it makes the community stronger and that will hodl the pyramid together with more strength.

Quote from: Ibian on January 14, 2014, 11:47:47 AM

That's just armchair pseudo-philosophy. No, economic religion more likely. You can't buy things with money without money being valuable. It always amazes me how hard it is for people to accept reality for what it is.

No it isn't. It's the same school of thought why we currently have inflation based currencies. Deflative currencies have an regressive influence to the economy. When you are in a situation, where it's more profitable to sit on your money and do nothing, then you can be sure that everyone will sit on their asses doing nothing. If money will lose value then it is more profitable to use the money as soon as possible and that encourages doing something and by that helping the progression of the economy.
The idea of deflation is attractive to those whose goal is to sit on their ass doing nothing and still being rich in the process. Most of the people in the world are like that and that is why most of the people aren't rich. They are only fixated in looking for new shortcuts, while they could use their time in working on something that would have practical value.
And my point was that money shouldn't be a value by itself, but it should only represent value. I was not talking about money having no value. You are putting wrong words into my mounth which you try to argue against. This is is just bad demagogy.