Quote from: Oshosondy on July 22, 2020, 10:47:15 AM

Why bitcoin never a ponzi
1. Bitcoin is decentralized, all ponzi scheme are centralized

This is enough for it to be said that Bitcoin isn't a ponzi and will never be one.

I agree with what you said that all of the ponzi schemes are centralized. All of them have companies and that company has members in short the members are on the bottom of a company. That isn't the case in Bitcoin. Yes there are times where Bitcoin has been used to scam people but still its the company that is scam and not Bitcoin itself.

Quote from: Lordhermes on July 24, 2020, 10:32:09 PM

In the past two months, somewhere in Nigeria territory promoted Bitcoin and Etherum to be used as a ponzi scheme pyramid. It crashes within 1.5 months and they started blaming each of them for falling into a big scam if bitcoin. They never understand how bitcoin works and they only keep saying bitcoin is a scam. Laziness and quick money earning is their number one priority agenda which is bad. Bitcoin and other altcoin can never be a scam because it's decentralized.

This is also a problem right now for those newbies who really want to learn about Bitcoin.

Those so-called "gurus" and "mentors" are teaching these newbies the wrong way with regards to Bitcoin and crypto that is why they are falling easily into different ponzi schemes that is why it would be better if you will just do a self study and will not follow what these kind of people are saying.

Laziness and quick money earning Cheesy

. 2 terms that can easily make your money into a dust. TBH, this is the reason why most people are falling into these kind of common scams. They see that they can earn money in a quick way that is why they are investing and in order to maximize the profits, they will invest what they can afford to lose and when the worst thing comes they will feel regret and disappointed. I've seen many kinds of scams and ponzi schemes already here in our country and here in the forum and I have basis already whether an investment is a scam or not.