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Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Dualmine

Dualmine.com - Multiply your Bitcoin, Ethereum, Litecoin and Dogecoin with Cloud mining... But it's actually just a Ponzi Scheme.
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Bitcoin trading discussion

Bitcoin technical analysis, charts, forecasts, algorithms, and bots. No political baggage, no moon kids, no trolls.
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Portnoy calls Bitcoin a Ponzi scheme on Pomp Podcast

Portnoy calls Bitcoin a Ponzi scheme on Pomp Podcast submitted by KayleighSosnowski to Bitcoin [link] [comments]

Poll: Is bitcoin a ponzi scheme? (even if unintentional)

To me PMs are real and bitcoin is just made up.
View Poll
submitted by Tarsal26 to Silverbugs [link] [comments]

Portnoy calls Bitcoin a Ponzi scheme on Pomp Podcast (x-post from /r/Bitcoin)

Portnoy calls Bitcoin a Ponzi scheme on Pomp Podcast (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Portnoy calls Bitcoin a Ponzi scheme on Pomp Podcast

submitted by KayleighSosnowski to CoinBase [link] [comments]

Portnoy calls Bitcoin a Ponzi scheme on Pomp Podcast

Portnoy calls Bitcoin a Ponzi scheme on Pomp Podcast submitted by KayleighSosnowski to CryptoMarkets [link] [comments]

How do you react when a family member calls Bitcoin a ponzi scheme?

How do you react when a family member calls Bitcoin a ponzi scheme? submitted by tojukaka to CryptoCurrencies [link] [comments]

Were Bitcoin a Ponzi scheme, the network would collapse because new investors became fewer.

Were Bitcoin a Ponzi scheme, the network would collapse because new investors became fewer. submitted by Kipyegonn to Crypto_Currency_News [link] [comments]

Finance CEO Calls Bitcoin a Ponzi Scheme — Only Top-Tier Holders and Miners Benefit - BeInCrypto

Finance CEO Calls Bitcoin a Ponzi Scheme — Only Top-Tier Holders and Miners Benefit - BeInCrypto submitted by mebinici to Bitcoin [link] [comments]

University of Pitts Mathematicians: bitcoin a ponzi scheme, cryptocurrencies may simply be a mechanism for a transfer of wealth from the late-comers to the early entrants and nimble traders

University of Pitts Mathematicians: bitcoin a ponzi scheme, cryptocurrencies may simply be a mechanism for a transfer of wealth from the late-comers to the early entrants and nimble traders submitted by lingben to Buttcoin [link] [comments]

Finance CEO Calls Bitcoin a Ponzi Scheme — Only Top-Tier Holders and Miners Benefit - BeInCrypto

Finance CEO Calls Bitcoin a Ponzi Scheme — Only Top-Tier Holders and Miners Benefit - BeInCrypto submitted by mebinici to CryptoCurrency [link] [comments]

Italian Paper Labels Bitcoin a “Ponzi Scheme” as Euro on Verge of Recession

Italian Paper Labels Bitcoin a “Ponzi Scheme” as Euro on Verge of Recession submitted by Ricktap458 to BestBitcoinNews [link] [comments]

Italian Paper Labels Bitcoin a “Ponzi Scheme” as Euro on Verge of Recession

Italian Paper Labels Bitcoin a “Ponzi Scheme” as Euro on Verge of Recession submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

Alex Jones: Is Bitcoin a Ponzi Scheme?

Alex Jones: Is Bitcoin a Ponzi Scheme? submitted by Crypto_Daily to CryptoCurrencies [link] [comments]

Alex Jones: Is Bitcoin a Ponzi Scheme?

Alex Jones: Is Bitcoin a Ponzi Scheme? submitted by Crypto_Daily to Crypto_Daily [link] [comments]

Italian Paper Labels Bitcoin a “Ponzi Scheme” as Euro on Verge of Recession

Italian Paper Labels Bitcoin a “Ponzi Scheme” as Euro on Verge of Recession submitted by Hellterskelt to bitcoin_is_dead [link] [comments]

Alex Jones: Is Bitcoin a Ponzi Scheme?

Alex Jones: Is Bitcoin a Ponzi Scheme? submitted by n4bb to CoinPath [link] [comments]

High-Profile Indian Government Official Calls Bitcoin a Ponzi Scheme

High-Profile Indian Government Official Calls Bitcoin a Ponzi Scheme submitted by remivee to tribetica [link] [comments]

High-Profile Indian Government Official Calls Bitcoin a Ponzi Scheme

High-Profile Indian Government Official Calls Bitcoin a Ponzi Scheme submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

Is Legacy Bitcoin a Ponzi-Scheme?

One of the most important characteristics of money is that is has to be liquid. Money is useless if it can’t be transacted due to a clog in the network.
Bitcoin looks more and more like a ponzi scheme. People buy into Bitcoin and they want to transact it and use it. They can’t since the merchants are going away due to the high fees.
Most Bitcoin is probably held inside exchanges, anyone buying BTC under 1000$ is not going to transfer it out. Most BTC purchases are probably on that range, not everone has a lot of savings these days. So most BTC is held inside exchanges.
Thus the entire Bitcoin ecosystem is just kids buying BTC and keeping it in an exchange, buying it for the hopes that they can sell it later at higher price.
There is no fundamental value there, not even commercial value, since the money can’t even be moved out, and larger transactions (like moving BTC from an exchange into a hardware wallet) doesn’t have economic value either.
The legacy Bitcoin looks like a ponzi scheme, where early “investors” are getting paid in higher prices from the purchases of new investors.
Bitcoin is not a currency, because commerce barely existed, and it’s decreasing rapidly due to high fees.
Bitcoin is a ponzi scheme based on value speculation.
Bitcoin is also exposed to massive risks, as it only takes a few exchanges to be hacked for the price to plummet massively, it could go back even to 100$, it could be a massive collapse.
Bitcoin Cash is the only reasonable, liquid and popular enough form of Bitcoin to be qualified for the role currency. It’s more popular and safer than LTC, and it’s certainly more honest than Bitcoin Gold.
Bitcoin Cash is the original Bitcoin that Satoshi envisioned, while all other variants of it are probably scams and ponzi schemes.
submitted by alexander7k to btc [link] [comments]

Italian Paper Labels Bitcoin a “Ponzi Scheme” as Euro on Verge of Recession

Italian Paper Labels Bitcoin a “Ponzi Scheme” as Euro on Verge of Recession submitted by remivee to tribetica [link] [comments]

Why isn't bitcoin a ponzi scheme?

People keep saying that it's the blockchain technology and I get that, it's a cool piece of technology, but it's not something proprietary, bitcoin doesn't own a patent on it, everyone can implement the blockchain technology in any other applications... What is the inherent, intrinsic value of bitcoin? It just looks so unnecessary and inefficient to have to run those mining factories worldwide, gulping up tons of electricity, just to end up with a pretty crappy currency for the average joe that can never get widespread use. You can't buy a bottle of water in bitcoin because you'd pay 10x the ammount the bottle costs in mining fees.
submitted by hitchinvertigo to Bitcoin [link] [comments]

NY Post says Bitcoin a Ponzi scheme ?!?!

This coming for the brainiacs who bought MySpace for $500 Million and firesale'd it for $50 Million
http://nypost.com/2014/02/15/welcome-to-21st-century-ponzi-scheme-bitcoin/
submitted by ShopBitcoin to Bitcoin [link] [comments]

The Money Flower and why Bitcoin is a ponzi scheme ... Lo schema Ponzi dei Bitcoin (articolo Repubblica) Lo schema Ponzi dei Bitcoin - La Repubblica Why Bitcoin Is a Ponzi Scheme with David Heinemeier Hansson Is Bitcoin a Pyramid or Ponzi Scheme?

Three companies allegedly running a large-scale cryptocurrency Ponzi scheme are being investigated by Indian police. The scheme promises extraordinary returns to investors. The police have ... A movie is being made about Onecoin's cryptocurrency Ponzi scheme starring Oscar winner Kate Winslet. This Hollywood MGM movie is based on a true story told by a victim of the cryptocurrency fraud ... According to someone familiar with the project, Oscar-winner Kate Winslet will be making a film about the OneCoin Ponzi scheme called “Fake!”; a play for MGM. MGM acquired the properties for producer Jennifer Todd as part of their first deal with the studio. The movie seeks to highlight the dangers of cryptocurrency by telling a real story about the Ponzi Scam that kicked off in 2014. It ... Somebody told you Bitcoin is a Ponzi scheme? Listen to this episode of "The Context" where I tell the story of Italian born confidence trickster Carlo Ponzi. In 1920 it took him only nine months to defraud thirty thousand investors, who believed in getting rich quick, collecting 20 million USD in total. Ponzi promised 50% return on their investment in three months. His arrest in August 1920 ... Bitcoin is not a ponzi or pyramid scheme. In summary, bitcoin fails to meet the requirements for being classified as a ponzi or a pyramid scheme. There are no promises made on the technology that can’t be transparently verified or understood, nor any reward incentives directly available for recruiting others to join. It’s operational structure, value proposition and process to evolve and ...

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The Money Flower and why Bitcoin is a ponzi scheme ...

Nel corso del weekend appena trascorso, il quotidiano a tiratura nazionale "La Repubblica" ha pubblicato un articolo intitolato Lo schema Ponzi dei Bitcoin. Il pezzo, a cura di un professionista ... Is Bitcoin a Ponzi scheme? Let's break down what a Ponzi scheme actually is and compare that to bitcoin. In 2017 bitcoin and other cryptocurrencies reached an all time high. In this interview, Morten explains how we can define and characterize different forms of... Is Bitcoin a Ponzi Scheme? Trade Genius Crypto & Gold. Loading... Unsubscribe from Trade Genius Crypto & Gold? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 24.9K. Loading ... The only industry Bitcoin has disrupted is the ponzi scheme industry. [ 40:50 ] Questions why people want a currency so detached from the real world. [ 41:12 ] People who use Bitcoin want the ...

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