Post
Topic
Board Bitcoin Discussion
Re: Is Cryptocurrency One Big Ponzi Scheme?
by
LogitechMouse
on 20/01/2019, 13:15:48 UTC
The basic underlying idea behind the use and creation of cryptocurrency is to present financial freedom to everybody no matter where you find yourself in this world. But the volatile nature of these digital currencies got me thinking, what if the whole idea of blockchain and cryptocurrency is just one giant Ponzi Scheme?  Within a short period of time, there have been about thousands of cryptocurrencies created. Majority of these digital currencies are either trying to solve problems of a particular cryptocurrency by presenting solutions they think can help improve financial freedom. This usually gets me wondering and thinking. If you don't agree with me on this, please share your thoughts... Grin Grin Grin
Cryptocurrency being volatile doesn't mean that it is a one giant ponzi scheme already. We all know that cryptocurrency has been used by only a few people in the world not like the current monetary system we are using right now which is fiat that is not that volatile compare to crypto. Yeah we all know that it is easy to create an altcoin at this times. Some or should I say most of them are either a scam coin or a project which is not developed because of some reasons like lack of funds.