people love calling bitcoin a ponzi but never stop to ask what a ponzi actually is. a ponzi needs a central operator, fake promises, and a steady stream of new suckers to pay off the old ones. bitcoin has none of that no central figure, no guaranteed returns, no secret payouts. it’s just open-source code, a public ledger, and a network that doesn’t care if you join or not. yeah, early adopters made money. that’s how tech adoption works. but people confuse scams around bitcoin with bitcoin itself bitconnect, onecoin, rug pulls all using the language of crypto to con people. add in media hype, financial elites calling it a scam, and everyday people burned by their own FOMO, and suddenly the whole thing gets painted as a fraud. but bitcoin doesn’t collapse when new buyers stop showing up. it keeps running. no marketing, no promises, no payouts. just blocks, every 10 minutes, whether you like it or not. the real reason people cry ponzi? it challenges the system they trust and don’t understand. bitcoin doesn’t sell you dreams. it lets you opt out of theirs.
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10 sats \ 0 replies \ @flat24 28 Jul
This perspective is obtained only by those who have not studied a little about Bitcoin.
A few days ago, while we talked between friends, the word Bitcoin emerged. and immediately one of them added.
"What is Bitcoin's support?"
another said:
"I don't trust, or invest in digital coins"
to which I responded.
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What is the support of the money you carry in your pocket?
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There are digital currencies and there is Bitcoin, they are not the same.
None knew how to argue what he said, and we conclude that his opinion came from something to hear to say others. more not of your study or research.
Then I told them that you just had to read and study to understand why that could be useful. (And they both looked to the sides)
"People do not want to study, but if they want to comment on Bitcoin."
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0 sats \ 1 reply \ @86b4dc92cd 28 Jul
If Bitcoin is a ponzi scheme, then so is the whole stock market...
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0 sats \ 0 replies \ @aa4ed3e0e2 OP 28 Jul freebie