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:
http://kernelmag.dailydot.com/issue-sections/staff-editorials/11338/bitcoin-ponzi-scheme/
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.
submitted by playak to Bitcoin [link] [comments]

META- EP 14-We Are Legion -Anonymous Discovery How Stuff Works : Corn - YouTube I Bought a TOTALED FERRARI at Salvage Auction with MYSTERY ... GossipRoom - YouTube Der Neue Wiesentbote - YouTube

Bitcoin wallet manufacturers clarify hacking claim. By. Daniel Kucher - May 26, 2020. 0. Share. Facebook. Twitter. Pinterest. WhatsApp. Linkedin. ReddIt. Tumblr. Major cryptocurrency hardware wallet manufacturers have announced that hacking claims do not reflect the truth, and the data on sale do not match the actual data. The day before, it was stated that the information of over 80 thousand ... Bitcoin code test & review, wer hätte das gedacht? Oh, entschuldigung, ich wurde mitgerissen. Wir haben festgestellt, dass für die Erstellung eines neuen Kontos keine Gebühr erhoben wird. Es ist ein völlig freier Prozess. Die Kundenbetreuer, mit denen wir zusammengearbeitet haben, wussten alles über die Auto-Handelsplattform und waren bereit zu helfen. 77 in BTC Ergebnis. In diesen ... Bitcoin is becoming increasingly formalised, structured, and dare we say, corporate. Even so, in an interview a few weeks later, Smith admitted he had strongly considered getting out of the mining game altogether. Despite the regular income pools provide, he complained that breaking even on mining is an increasingly difficult proposition for anyone but the largest players. “More people who ... Bitcoin Trading. Bitcoin Wiki; Bitcoin Kurs; Bitcoin Auto Trading; Bitcoin Code; Top 5 Bitcoin Börsen; Kryptowährungen Preise & Kurse. USD/BTC $9202.99 0.64% USD/ETH $229.41 0.90% USD/USDT $1.00 0.15% USD/XRP $0.18 -0.17% USD/BCH $224.98 0.57% USD/BSV $155.46 -2.07% USD/LTC $41.92 1.11% USD/BNB $15.53 0.72% USD/CRO $0.13 1.28% USD/EOS $2.37 0.38% USD/ADA $0.08 1.53% USD/XTZ $2.41 1.05% USD ... The market value of one bitcoin has gone from about $2 to $1,000 in a year. This is not money. This commodity is not being bought for its services as money. It is unpredictable to a fault. Admittedly, those who got in early on this Ponzi scheme are doing very well. They will probably continue to do well for a time. As more people hear about this investment, which is justified in terms of its ...

[index] [24053] [15538] [32503] [36577] [22731] [32700] [47085] [47612] [32696] [21365]

META- EP 14-We Are Legion -Anonymous

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Learn about agriculture's most versatile and productive crop. The program examines how corn is bred, grown, harvested, and converted into everything from ani... Get Honey for FREE and start saving money today https://joinhoney.com/samcrac Its 10 million members save an average of $28.61 on stores like Amazon, Advan... Impressum / Anbieterkennzeichnung Betreiber des Kanals ist Der Neue Wiesentbote c/o faktor i medienservice www.faktori.de Verantwortlich für diesen Kanal: Al... Metaverse EP 14 - We Are Legion -Anonymous Metaverse- An Introduction HiroJa Shibe Here- Speaking to you from a small café adjacent to the famous The Black Sun Bar. Given you the latest on what ...

#