Post
Topic
Board Economics
Re: Why bitcoin is very different from Ponzi/Pyramid/Bubble
by
Ibian
on 14/01/2014, 14:32:19 UTC
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.
You. Are. Wrong. There is no debating this. You are factually wrong.

Edit: About most of the rest that followed too, but that is not worth the trouble.