Quote:
Originally Posted by kane
It's not a ponzi scheme,
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the moment people started using it for speculation it became one:
Ponzi scheme
ˈpɒnzi/Submit
noun
a form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.
and considering just a 0.1% withdraw will bankrupt all exchangers and the coin is not, and never will be, adopted by 99% of homo sapiens, it remains a ponzi coin...the more it grows in popularity as a HYIP the more fragile it becomes...it will never be anything but a HYIP because nobody on this planet finds it convenient for use...
of course none of the pump and dump crew are willing to address this issue...
cant wait for bitcoin to hit 10k....then it will be 0.05% that need to cash out to bankrupt all exchangers LOL