Quote from: Coolcryptovator on Today at 04:54:10 PM

Quote from: FreeStreamer on Today at 04:19:19 PM

Yeah well Paypal is still better faster and cheaper. I don't see why I need to buy Bitcoin just to buy something from Japan. A ponzi is something that relies only on new recruits to grow. Since when was Bitcoin backed by something else than new recruits?

Who are pushing you to buy bitcoin? Stuck with PayPal if you need to use it. We aren't saying PayPal is bad, but at the same time Bitcoin isn't bad for us. Do you know what is a Ponzi scheme? Read this article. Here is an important quote;

Quote

A Ponzi scheme (/ˈpɒnzi/, Italian: [ˈpontsi]; also a Ponzi game)[1] is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.[2] The scheme leads victims to believe that profits are coming from product sales or other means, and they remain unaware that other investors are the source of funds.

Once you will read Bold part then you should realize Bitcoin isn't a Ponzi scheme. Because its not promising you anything during buy, you are just buying a digital currency, so exactly we can't say it as an investment.This is the peer to peer decentralized electronic money. Of course bitcoin isn't backed by any centralized organization and that's why still we could say Bitcoin is decentralized. But Bitcoin is backed by the community which is stronger than any centralized organization.

Yeah so where are the profits with Bitcoin coming from? How is it better than Monero for example?