⭐ Merited by JayJuanGee (1)
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.
This could end up in a massive philosophical discussion...
I understand what you are saying, yet I wouldn't go that far and give them the point to call Bitcoin a "Ponzi". It would totally abandon the concept of tangible and intangible value. You could call real estate a Ponzi, you could literally call anything in a Ponzi. Some treat it as a Ponzi indeed, but they benefit from the fact that the majority does not consider Bitcoin a Ponzi. Bitcoin does produce value as much as options produce value. The fact alone that Bitcoin is an option on my things gives it value without actually instantly putting cash into our pockets. It puts pressure on payment service providers, it allows people to transfer value from legacy systems into a decentralized network that allows them to take full self-custody, it allows them to transfer value across boarders which otherwise may not have been authorized by authorities or banks, many other features that translate into value. A Ponzi scheme is not about creating new value, it is about juggling around the same value such that people get the impression there is more value created. That's why I am not quite on the same page with you because why would I accept a definition proclaimed by someone who has no idea about the matter? "a form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors."
This, to 0%, applies to Bitcoin. 0%. In contrast, it does very well apply to many of the shitcoins because in fact many of the shitcoins from 2015,2016,2017, 2018 gathered tens of millions, but there has never been a real enterprise as was promised. That's much closer to a Ponzi.
Bitcoin is a real thing and there is a reason why there are wallets that go untouched for over a decade. If it was a Ponzi, then it would be a pretty good Ponzi given its lifetime and constant expansion and the fact that no authority in the world was able to stop it. Tell me what Ponzi could not be stopped by authorities.