Post
Topic
Board Bitcoin Discussion
Re: thepiratebay.org banned bitcoinmarkets account due to "bitcoin is ponzi scheme"
by
mizerydearia
on 04/10/2011, 01:18:14 UTC
I think he was referring to Bitcoin Markets, or w/e torrents you had up, being the pyramid scheme and not Bitcoins.

I hope this is what it is, I'm surprised by this.

See the post two posts above yours.

Bitcoin Markets is an open source project similar to the closed source/proprietary http://bitcoincharts.com/ project that collects market data from all bitcoin exchanges and prepares the data for view on the web (website still in development), but also #bitcoin-markets (not to be confused with #bitcoin-market (with no s)) shows almost real-time trade data.  I don't see how that project is in any way a ponzi scheme, similarly as to bitcoin charts not being a ponzi scheme.