Is Bitcoin a Ponzi Scheme?

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  • Nice_Nick
    So Fucking Banned
    • Mar 2014
    • 865
    #1

    Tech Is Bitcoin a Ponzi Scheme?

    As per title.

    Bitcoin get popular quick
    Bitcoin lose value quick
    Bitcoin fake
    Bitcoin legit
    Bitcoin for scammers
    Bitcoin for Entrepreneurs

    Will bitcoin fail?
    Tags: None
    • wehateporn
      Promoting Debate on GFY
      • Apr 2007
      • 27176
      #2
      Same as

        Comment

        • Nice_Nick
          So Fucking Banned
          • Mar 2014
          • 865
          #3
          Originally posted by wehateporn
          Same as

          PLease explain.

            Comment

            • wehateporn
              Promoting Debate on GFY
              • Apr 2007
              • 27176
              #4
              Originally posted by Nice_Nick
              PLease explain.
              US dollar is the world?s biggest Ponzi scheme

              http://www.dnaindia.com/money/report...scheme-1220008

                Comment

                • Nice_Nick
                  So Fucking Banned
                  • Mar 2014
                  • 865
                  #5
                  Originally posted by wehateporn
                  US dollar is the world?s biggest Ponzi scheme

                  http://www.dnaindia.com/money/report...scheme-1220008

                  Are all currencies not a ponzi then?

                    Comment

                    • wehateporn
                      Promoting Debate on GFY
                      • Apr 2007
                      • 27176
                      #6
                      Originally posted by Nice_Nick
                      Are all currencies not a ponzi then?
                      Depends if backed by Gold and if allowed to create new currency out of thin air

                        Comment

                        • lezinterracial
                          Confirmed User
                          • Jul 2012
                          • 3117
                          #7
                          I think a Ponzi scheme is where you get new investors to pay off existing investors instead of with profits.
                          When you buy bitcoins you are buying a product. A product I don't really understand, but a product.
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                            Comment

                            • 3om3
                              Confirmed User
                              • Feb 2013
                              • 636
                              #8
                              price rise now

                                Comment

                                • DBS.US
                                  Geo Cities
                                  • Aug 2003
                                  • 11843
                                  #9
                                  Originally posted by Nice_Nick
                                  Will bitcoin fail?
                                  All fake currencies fail
                                  Have an unused domain? Make a Free Chaturbate White Label site and be making money tonight

                                    Comment

                                    • DAMNMAN
                                      Confirmed User
                                      • Dec 2002
                                      • 1440
                                      #10
                                      All things are only worth what people think they are worth. This includes gold, diamonds, the US dollar and bitcoin. Food, air, water and Pussy are the only exceptions to this.... We all need to eat food, drink water, and breath. Pussy has real value because homey needs to fuck!!!
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                                      One less god!!!
                                      I contend that we are both an atheist. I just belive in one fewer god than you do. When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.

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                                        • Mark-G
                                          Confirmed User
                                          • Nov 2005
                                          • 170
                                          #11
                                          Of course it is
                                          Hosted at Web750 since 2003.

                                            Comment

                                            • xXXtesy10
                                              Fakecoin Investor
                                              • Jul 2012
                                              • 7127
                                              #12
                                              Originally posted by Mark-G
                                              Of course it is
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                                              http://gfy.com/21169705-post8.html
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                                                Comment

                                                • adultmobile
                                                  No, I am not banned
                                                  • Nov 2003
                                                  • 5345
                                                  #13
                                                  If it is, that's the first decentralized ponzi scheme.

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                                                    Comment

                                                    • seeandsee
                                                      Check SIG!
                                                      • Mar 2006
                                                      • 50945
                                                      #14
                                                      Only if people PUMP money into scheme there are some money to be made, when that finish all goes crack! buubble, fake shit, people blind!
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