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Is Bitcoin a Ponzi scheme?

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  • #16
    Yes Sergey Nagin. You gave the explanation in simple terms. Ponzi schemes are a way to cheat from the start itself whereby only the first investors would make any profits, the next batch might just break-even and those coming last would lose all. Bitcoin is just a mode of payment to be done digitally as there is there is no physical footprint. Of course, there is no registered authorized office for issuing Bitcoins as it is fully decentralized and as such no owners to benefit from it!

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    • #17
      If BTC was really Ponzi scheme, do you really think it would have reached such heights?

      I don’t think so and Assets are not Ponzi Schemes, at least in any book I see in stores. Ponzi scheme is more about individual run program or investment scheme, as that can close out anytime but with BTC, it’s not dependent on the individual which is why it can’t be called anything such as Ponzi scheme!

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      • #18
        I don’t understand why people mix these things instead of looking at them in simple way. Many compare it to Gold when it is actually so much different while then there are many who compare it to Ponzi sites which is wrong. This is no Ponzi theory guys it’s an asset which you can invest on not a company where it is going to shut down, so please stop making such silly comparison, it looks really bad.

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        • #19
          Yep Ponzi schemes would fail at some point or the other due to its mode of operation. It is fraud from the word go and one needs to understand the nature of investment to know more about its profitability or the risks factors.

          Since Bitcoin is not run by anybody so it won’t shut down unless some big governments like USA does! But investing in Bitcoin is also not safe as there are no guaranteed returns and depends on market price!

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          • #20
            Of course, Bitcoin is not a Ponzi scheme but you can’t change others views. If you are dealing in Bitcoin then you need to steer clear from all such distractions and just focus on making an effort to earn good Bitcoin. Different people would have different views and if we start listening to all then we won’t be able to deal in Bitcoin effectively! Bitcoin has its own mechanism which one must understand clearly before proceeding further!

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            • #21
              Yes Francis Fabrizi. Investing is people’s choice and we can’t make decisions for others. People must accept their responsibility and see to that their risks are covered appropriately instead of simply gambling away.

              Ponzi scheme is completely different from the present operation of Bitcoin. Ponzi schemes will fail sooner when the target for its owner is reached but there is no owner of Bitcoin to scam as pointed by others! People need to be careful and not invest all their savings in Bitcoin.

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              • #22
                I think Bitcoin is not a Ponzi scheme even though some people feel it that way. But one would have to be careful as some fraud persons would start some schemes involving Bitcoin and guaranteeing returns but later would run away. Affected people would then think that Bitcoin is the culprit and they would blame it for their loss! So it is very important to know how Bitcoin functions before one can use it properly!

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                • #23
                  Bitcoin is not a scheme so let alone Ponzi. We got to take Bitcoin like an investment but reliable and realistic one. If we are able to do that then we will certainly be able to take it far.

                  So we just need to be wise with how we go about handling everything, it is what that will enable us to do well. We just need to make sure we take full benefit from it and that is only how we will be able to generate better revenue and rewards.

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                  • #24
                    BTC is not a Ponzi scheme instead it’s a great asset from which we can gain greatly. But all this is only possible if we time our investment right and not get in when it’s too high, as that is going to be too risky, so we have to be very good at handling things. If we do that then only we will be able to gain. I always make sure I enter only when I am certain since thats when I know I will be able to gain well and help achieving profits.

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                    • #25
                      It is not a scheme first of all. I believe you can’t put it into category of scheme of anything as such.

                      I don’t think it will make much of sense to put it as Ponzi scheme; it is not going to work that way. We need to be very careful with making investment, as that is how we will be able to get it working. If we put it right then we will be able to gain well or else we will only struggle in really bad way.

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                      • #26
                        No, I don’t think BTC can be compared with Ponzi Scheme given both have separate and different ways how it’s operated. Ponzi Scheme is an investment scheme where people are paid from previous investors and cycle continues till the product or whatever it is goes scam, but BTC is different. When you talk about BTC, it is also an investment opportunity but it is an asset, so the difference is obvious.

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                        • #27
                          If we call BTC Ponzi scheme then we are not aware of the term Ponzi Scheme, as it’s a term that’s mainly used for HYIP, therefore, it is important to understand what HYIP means.

                          It’s a site where people invest and the person who gets paid is paid from the previous investment. So, basically if B invests then only A is going to get paid, if C invests then only B is going to get paid, so it’s the concept we need to understand.

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                          • #28
                            It’s not any scheme at all. I don’t think we should take BTC as way of Ponzi Scheme instead we should take it better and should be very careful with investing on such schemes but even with BTC. If we make investment in Ponzi Scheme or BTC, it must be done with very very wise way and shouldn’t be done randomly. If we go with random way then we will only end up losing, so need to work it out in proper way.

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                            • #29
                              Agreed with people above, as its different things and you can’t really compare both on same grounds. When we talk about Ponzi scheme that has been explained countless times on above post by several members, so I am not sure if I really need to say it again.

                              We just need to understand BTC is an asset not investment scheme, so both of these are different things and you can’t look at them in same way.

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                              • #30
                                It’s not that at all. I think it’s already explained by so many people that I don’t think I even need to talk or even explain this at all. I think the difference is obvious and it will be hard to understand IF anyone is not able to understand. The simple thing with Ponzi Scheme is that it doesn’t run on plans or methods, but it’s just work on cycle that eventually stops once people stop investing and then it’s all over.

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