Why Bitcoin is a Ponzi scheme - The Kernel

Here we go again: Ponzi blablabla

Another someone who has no idea what a Ponzi scheme is:
and comments are not possible on that site, so I'll do it here...
A key attribute of a Ponzi scheme is that some guy takes your money and promises to give you ridiculously high returns periodically, which he pays for with money taken from those coming after you.
Now there are plenty of Ponzi schemes that cash in an out with Bitcoin (remember BTC-arbs? for a full list, see http://www.badbitcoin.org/ ), but Bitcoin itself is niothing like a Ponzi. You call call it a bubble if you really think it is, but it's NOT a Ponzi.
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