Quote from: BlackHatCoiner on Today at 05:00:05 PM

Quote from: Antithesis on Today at 04:37:57 PM

Given that no one can live off of records in a ledger (decentralized or not), members desperately need new investors to exist a scheme.

This is true for every property. There's no stock holder I know who doesn't want new investors to enter the business. Same goes for every other tradable item. The more demand it has, the better it is for their pockets. This is true even for pension. If the youth stops working, the elders will stop earning and the system will collapse. The elders need newcomers.

I haven't seen you say that those are ponzis. None of those, including Bitcoin, is a ponzi scheme and I've already told you why. Yes, there's faith that people will continue using Bitcoin, I don't disagree, but it has nothing to do with the ponzi narrative. It's how free markets work.

There's also faith that your system will continue working undisturbed, that there isn't going to be bankruptcy, that it won't corrupt, yet every fiat currency has lost most of its purchasing power overtime.

Quote from: Antithesis on Today at 04:37:57 PM

Eventually people figure out what is going on and everything collapses.

Or:

Quote from: Henry Ford

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

The level of your reality denial is stunning. Stock holder own capital. Capital is not nothing. Stop flogging a dead horse.