Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and Ponzi Schemes - People are confused.
by
uneng
on 15/03/2023, 19:31:47 UTC
I watch a popular breakfast show every morning and they always have a section where they talk about money matters. Yesterday, they talked about Crypto currencies and the guest mentioned several Ponzi schemes where Bitcoin was used as a payment option.

These Ponzi schemes collapsed and according to him ....many people lost money in Bitcoin. They have a WhatsApp group for the program and I immediately corrected that statement, because people did not lose money in Bitcoin.... they lost money in a Ponzi scheme that used Bitcoin as a payment option.

Now, this does not sound very important, but it actually are one of the most critical things that needs to be addressed. We should counter all of these misinformed people, with education on what Bitcoin is, because they lose money on Ponzi schemes and then they blame it on Bitcoin.
These programs should proportionate a fair debate about bitcoin by inviting a bitcoin enthusiast and a bitcoin criticizer, so these points could be brought into the discussion to enlight the population about the facts behind so many accusations bitcoin has been suffering since its beginning.

Logic and reality wouldn't allow the concept of "bitcoin equals to ponzi" to remain alive on the mentality of the laymen people.