Quote from: beetcoin on September 01, 2014, 05:16:51 AM

Quote from: ensurance982 on August 31, 2014, 08:48:02 PM

Certain aspects of Bitcoin do appear to have certain characteristics of a Ponzi scheme in so far, as early adopters (people on top of the typical Ponzi-pyramid or Ponzi-row) profit most from it, if they decide to hold their coins. But Bitcoin doesn't need new people in order to work or in order to remain functioning.

okay then, i guess stocks are a ponzi scheme. also oil futures, or any other traded assets.

benefiting early adtopers is not a quality uniquely inherent to bitcoin.

Yes, these things are all speculative bubbles that if applied to a currency will cause a lot of financial damage to people. People use money day to day and can easily be caught out whilst not even speculating.