Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is a inherent Ponzi Scheme, please correct me if I'm wrong
by
future_quark369
on 30/08/2014, 21:28:06 UTC
Nobody is promising you anything, you buy bitcoins to use them. A ponzi scheme is based on giving a percentage each month based in your investment.
Bitcoin is based on supply and demand.
You could argue that Bitcoin is a Ponzi scheme, but it does not promise anything to anyone. The only thing Bitcoin promises is an open source public ledger for transfer of value. If that were to fail then obviously Bitcoin would be worthless.