Quote from: Betwrong on Today at 11:58:01 AM

Quote from: prehisto on April 16, 2021, 03:18:36 PM

is it a ponzi or is it a buuble?
Make up your mind. For example bubble was the marihuana stocks. Ponzi is when there is no inherit value or utilty in the asset and it keeps growinf till it goes to zero when everyone founds out.

BTC could be in a bubble, but it is not a ponzi.

That's right, and for those who are interested in a detailed research here's a good article on why Bitcoin is not a Ponzi scheme. Probably one of the best proofs is the following(citing from the article): "Ponzi scheme promoters sometimes try to prevent participants from cashing out by offering even higher returns for staying put." Bitcoin holders can cashout whenever they want without someone preventing them from doing so, and not because they are allowed to, but because there's no one to ask permission, in the first place. There are also other characteristics of Bitcoin that no Ponzi scheme possesses, but this one is very convincing, imo.

Ponzi is basically a scam all around, it guarantees income and that's why it is a ponzi, nothing in the world could guarantee you any income and that is why ponzis will always stay a scam, even if you managed to get everyone in the world which will make that ponzi trillions of dollars high, you will eventually run out of money in existence to keep paying these people. This is why I think it is obvious that we should not be really looking at bitcoin as a ponzi. Why? Because nobody guarantees income to you, it is like gold, is gold a ponzi? Does anyone guarantee you income with gold?

You do make a profit but it is not guaranteed, it is just a valuable thing that gets more valuable over time and that's it. Bitcoin is the same as that, it is a good thing that people do not really understand bitcoin just yet, it allows us to buy bitcoin at cheaper levels until everyone gets it.