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...
I think bitcoin is different with ponzi scheme. Bitcoin dont have a CEO or team to collect money in market and we know that bitcoin is decentralized cryptocurrency. I am believe if bitcoin is a ponzi scheme, bitcoin can not survive for 10 years.