Post
Topic
Board Bitcoin Discussion
Re: Understanding the Ponzi Narrative
by
BlackHatCoiner
on 30/12/2021, 13:01:20 UTC
Bitcoin IS a “Ponzi”, but a natural-occuring Ponzi, like Gold.
There's no such thing as a natural-occuring ponzi. Something is a ponzi or it isn't. Neither gold and bitcoin are ponzis as there are no promised returns from (the) creators.

Plus Bitcoin is transferrable, it is used for payments. IT IS MONEY.
And same goes for dog coins. However, it is obvious enough that the creators do it for the profit. Even if they find alibis (that it has a usage), I can't unsee those as frauds. Still, they aren't ponzis. Ponzi has a really strict definition.