Post
Topic
Board Bitcoin Discussion
Re: Understanding the Ponzi Narrative
by
Taskford
on 07/01/2022, 22:51:37 UTC

What is the best argument against the Ponzi scheme narrative?

In what ways are Ponzi schemes different from bitcoin?

How do they generate value differently?

Educating the masses would help clearify the issue of Bitcoin seen as ponzi. Many people have been a victim of ponzi schemes and most of them now generalize any online investment or opportunity as ponzi. But educating the masses can throw some enlightenment and clear the notion off. Ponzi is very different from ponzi in the sense that Bitcoin is completely decentralized and once a fraction is purchased either through a p2p network or throw any other means it remains in your wallet giving the buyer complete possession of the coin. In the area of ponzi the investor is investing in a project that isn't self explanatory. The attractive attributes is the promise to double the investment by an attractive percentage and most investors fall for that

There are so many educational videos scattering everywhere towards this ponzi schemes but unfortunately many still fall from it due to their own greed and laziness because many still believe that they can earn passive income without doing nothing. We see it keep existing and I believe this kind of investment schemes will never stops as many are hungry to earn without doing anything.