Re: Buy the DIP, and HODL!

[edited out].

Ser, the term "Ponzi" was merely stigmatized because the originator was a scammer. But TECHNICALLY it describes how in order to exit the system with some profit, NEW MONEY must enter that system. Do you understand?

Bitcoin is a naturally-occurring Ponzi LIKE Gold, NOT a scam like those Ponzi Schemes that has a nefarious entity on top. There's a difference, ser. Cool

You are still likely confusing people with that description of a "naturally-occurring Ponzi."

Under your definition almost anything that is used for monetary value would be a "naturally-occurring Ponzi" since it's price would go up based on increased demand.

For some reason you are stubborn, and you continue to repeat such a confusing term as if you are making some kinds of a brilliant proclamation, when you are not, and it would be better that you figure out another way to say what you are saying, to the extent that you are even making a decent point in regards to either particulars of how bitcoin gets its price or how bitcoin might compare to other assets, such as comparing bitcoin to gold or some other asset.

By the way, bitcoin has a lot of monetary properties that help to derive its value, such as its verifiability, its divisibility, its transportability, its scarcity, the ability to transact and hold it without a third party and in very economical ways, and other qualities related to its programability that also gives utility to folks which may or may not end up driving its price upwards and also contributing to others financializing it and/or speculating on its value...so your ongoing use of Ponzi terminology, which also implies third party manipulation (even if you are trying to suggest that a "naturally" occurring Ponzi might not need a centralized party's manipulation is still misleading as fuck, and likely more confusing than any value that it might bring from the supposed profundity of your characterization of bitcoin in such a way.

And, yeah, you may well continue with your nonsense, and I would expect members to continue to question why you feel some kind of importance to insist on such a misleading characterization and categorization of bitcoin. You really think anyone is helped to understand bitcoin better by that crap, and if you don't give any shits then you are engaging int he same kind of behaviors as the bitcoin detractors, the naysayers, the shitcoin pumpers and the ones engaging in affinity scams that tend to create confusing with their baloney narratives.

It's very confusing indeed that he keeps repeating such derogatory word towards bitcoin. The first time he made use of the word here, I noticed lots of users here reacted angrily against the use of such words towards bitcoin, myself included. But it's still shocking to me that he keeps making use of that Ponzi of a word. I wonder how someone in his right senses will compare bitcoin and gold, and even went as low as calling bitcoin Ponzi. It makes me wonder if he actually knows the qualities of Money. Bitcoin is money and gold a natural resources. Bitcoin is a class above gold and gold doesn't come close to bitcoin. So I think it's senseless for someone to categorised bitcoin and gold together. I would have understand if it was a newbie making such comparisons, but coming from someone like him, makes me sick.