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Quote from: Wind_FURY on October 29, 2024, 01:56:46 PM

Ser, read the post again, and please get the actual context. What I said was, from the viewpoint of a normie and/or a person from the traditional banking system, Bitcoin might be considered a "Ponzi" by those people like how we Bitcoin HODLers consider shitcoins.

Plus from a another, more controversial viewpoint, Bitcoin is ACTUALLY a "Ponzi", but a sort of naturally-occurring "Ponzi" LIKE GOLD.

A Ponzi scheme? Bitcoin is far from it and should never be considered such by any reasonable person.

Being used to fiat is not a valid reason for anyone to play idiocy on a fact. Does Bitcoin pay A and deny payment to B? Or it uses the money of A to pay B etc, just like a Ponzi scheme? Certainly not. Bitcoin is a currency, but in the form of a decentralised crypto network, that's the only difference it has with fiat currencies. If the government allows it to have full rights and potential, it will help the people more than the fiat currency.

Actually what @Wind_FUry said is true that lots of people especially those who engage with traditional investment think that Bitcoin is just a Ponzi scheme. This is what they believe because they don't know how bitcoin works. But for sure those skeptical people lessen over the years especially when bitcoin gather much attention and got serious attention towards possible adaption especially if Trump would win as President this election.

Then, those people are highly unreasonable, you do not call something a word that it doesn't show any attributes of, they are just haters and self-deceivers. Bitcoin is a currency, no doubt about that and before they say ill of it, they should first learn to investigate what it is. But it never surprised me with the various names people call Bitcoin today, it's also the fault of many people who abuses Bitcoin, they are the true enemies of the coin. Such people use the name of Bitcoin for all sorts of illegalities and Ponzi activities is surely one of them.

Truly unreasonable to the fact that they only look at those negative things happen, but they didn't even try to look what bitcoin achieve for its existence. People always think negative to things that they don't understand that's why its somehow expected the way how they talk about bitcoin especially that their knowledge is so narrow about this coin. But for many times that bitcoin gain positive exposure and good milestone also adaption acquired for sure that those doubting minds will be converted to curious one to try what they have missed out on bitcoin and actually we see slowly shift of attention since those people I see saying bitcoin is scam are now participating on some bitcoin gaining activities.

That's why to lucky for us people who know and understand bitcoin so well since for longest time we are gaining something from bitcoin and our continues belief that bitcoin would bring more profits in future. So continue to buy and hodl since for sure that there are more to get from it and ignore those people who spread negative thoughts about bitcoin.