Quote from: Spaceman_Spiff on July 14, 2014, 09:56:55 PM

Quote from: spooderman on July 14, 2014, 09:38:30 PM

I had a chat with an old relative of mine today. Bitcoin entered the conversation. He said, oh that, that's a ponzi scheme. I said no it's not. He then explained to me what a ponzi scheme is and I said yes I know it LOOKS like one because of the massive amount made by people involved from the beginning, but is the internet a ponzi scheme? No? Well what if you bought sex.com in 1992 for a hundred bucks?

Then he said you can't buy plane tickets with it, so I said yes you can www.expedia.com then we stopped talking about it and it was time to get some food, and he said you can't buy food with bitcoin, and I said yes you can! (I was talking about buying pizza funnily enough), then he said you can't buy a flat with it etc......

It's nice that bitcoin has developed to the stage where there's constant examples of its acceptance, functionality and superiority to fiat.

To d4 m00n!

Tell him to look up the definition of a Ponzi scheme again. At worst you could call bitcoin a pump and dump.

i hate ppl like that. Just cause they didnt get in they will justify their reasoning by calling it a scam.

See it all the time. I always say when these ppl end up buying its time to start selling.. they are considered dumb money.