Re: Can you answer a couple of questions to a potential bitcoin buyer?

So, when I hold fiat currencies I own debt. When you hold bitcoin you own a number in a database. Why would I trade you my ownership of debt for a number? Because you gave it a fancy name?

As I said before, you are right, and you shouldn't. And no one should try to convince you otherwise.
Because no one in the world can guarantee you'll be able to go the opposite direction in the future, so all that's left is just a number in a database which has no intrinsic value.

And now one fun question: when you enter a ponzi scheme, you hold scheme membership, but what you own?

I have no idea. If I had to guess, I'd say: one new experience and a valuable (even if pricey) life lesson. Wink

Although I'm not sure if the "Ponzi scheme" is the correct description. According to wikipedia, the Ponzi scheme leads victims to believe that profits are coming from legitimate business activity (e.g., product sales or successful investments), and they remain unaware that other investors are the source of funds. Those key characteristics do not seem to be present in cryptocurrencies as far as I know.