Calling #Bitcoin
a Ponzi scheme is inaccurate, and rooted in:
- ignorance
- stupidity
- ideological slander
You pick.
cc/ @slightlylate
@csuwildcat @ejpbruel : it absolutely paid old investors with new $, that's the natural effect of the asymptotic mining
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@slightlylate@ejpbruel lol, no, no it isn't. Buy that definition, all commodity mining is Ponzi, and that's ludicrous. -
@slightlylate@ejpbruel miners don't pay an asset mngr to reinvest, they buy equipment to process transactions and earns money for doing so. - 8 more replies
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