Post
Topic
Board Bitcoin Discussion
Re: Is Cryptocurrency One Big Ponzi Scheme?
by
Yield7
on 17/02/2019, 19:03:13 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
Those people who keep saying that cryptocurrencies are big ponzi scheme are the people who doesn't have information about what it is. They are victims of misunderstanding and fake news. They will regret what they say if they fully understand what it is and its function.

We cannot avoid that there are people spreading negative news about Bitcoin,maybe those people have negative experience in Cryptocurrency or they don't have enough knowledge about it that's why they want to make Bitcoin become worst by spreading fake information.
We should get used to it and we have seen hundreds of attacks towards bitcoin and crypto that this is indeed a scam but look at bitcoin it stood still for 10 years inspite on having those
fuds and false news towards it.
People who do call it a ponzi scheme are those who doesnt even know on whats blockchain technology.This isnt only a great tech but also gives out some earning opportunity.



Bitcoin was created by Goldman Sachs guys.
Financial freedom is just the nice label.
Free lunch does Not exist.
ejoy crypto freedom until you can.
few years and this freedom.
Cryptocurrency does all that AML/KYC NONSENSE.

Cryptocurrency is Good excuse for them Place more and more this AML/KYC nonsense.

but crypto is ponzi like everything else to do with Money and finances its all ponzi.
no matter how you describe it its ponzi and Yes im Fine with that as longes i Can make profit out of this