Quote from: TimeTeller on Today at 09:14:11 PM

Quote from: Zilon on January 07, 2022, 10:48:20 PM

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

Yes, education is the key for these people to change their perspectives towards bitcoin.
Because most people who are identifying btc as comparable to ponzi scheme don't know what they are talking about.
If they try to learn more about btc and these alt projects, they can easily check the difference.
Understanding on what's really happening in crypto market starts from educating yourself.

Therefore, when I introduce Bitcoin to other people, I will always recommend that person learn Bitcoin from a trusted source. Then before investing
in Bitcoin, we really have to learn everything about Bitcoin first, that way will understand how Bitcoin works, this will finally be able to make
people understand that Bitcoin cannot be equated with a ponzi scheme. Most people I find around me who say that Bitcoin is a ponzi scheme,
usually he reads about Bitcoin from the wrong sources or he got a story about Bitcoin from a Bitcoin hater. Actually people who say Bitcoin is
a ponzi scheme, they don't understand what they are saying. So my advice try to learn Bitcoin properly and from various sources, so being able
to compare how Bitcoin works with a ponzi scheme is very much different. This is why I always want Bitcoin to be included in school subjects,
so that people understand Bitcoin from an early age.