Post
Topic
Board Bitcoin Discussion
Re: Is Cryptocurrency One Big Ponzi Scheme?
by
peonminer
on 24/02/2019, 22:01:56 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
This argument may have been valid before the entire slew of commerce, etfs, useful data, etc hit the market. Now don't get me wrong, there's still alts out there that are ponzis, but they are being busted by the big dogs faster and better, regulation is here now, etc. So Crypto is here to stay, and not a ponzi. You could call the entire wall st stock market a ponzi based on the fact that its, buy low, sell high to the next sucker.