Post
Topic
Board Bitcoin Discussion
Re: [VIDEO]The Nasty Secret of Bitcoin Exposed
by
suvo05
on 17/01/2020, 09:30:27 UTC
The video explains how Bitcoin turns your ownership into membership, which is exactly how classical fraudulent schemes operate.

https://youtu.be/C5RplXYwCyY

This is not any secret and it is not required to expose. Every bitcoin holders know that physically the bitcoin has no meaning. It is not regulated by a single person or a team. It is well established now and fundamentally there is a huge difference between fiat and bitcoin. In the video you have tried to compare it with Ponzi schemes but Ponzi is not open-source and it is totally regulated a person or team as the members got engaged into the team the total amount of the scheme got rise and only the owner of the company have all the rights on the money.