@ejpbruel @slightlylate Bitcoin isn't a Ponzi:
- isn't orchestrated
- doesn't pay old invst w/ new $
- doesn't require ascending investment
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Replying to @csuwildcat
@csuwildcat@ejpbruel : it absolutely paid old investors with new $, that's the natural effect of the asymptotic mining1 reply 0 retweets 0 likes -
Replying to @slightlylate
@slightlylate@ejpbruel lol, no, no it isn't. Buy that definition, all commodity mining is Ponzi, and that's ludicrous.2 replies 0 retweets 0 likes -
Replying to @csuwildcat
@slightlylate@ejpbruel miners don't pay an asset mngr to reinvest, they buy equipment to process transactions and earns money for doing so.1 reply 0 retweets 0 likes -
Replying to @csuwildcat
@slightlylate@ejpbruel imagine if Visa allowed 3rd party to place CC machines in businesses that processed transactions for them, for a fee1 reply 0 retweets 0 likes -
Replying to @csuwildcat
@slightlylate@ejpbruel it's not really mining at all - miners are transaction processors, and operate on fees, regardless of block rewards.3 replies 0 retweets 0 likes -
Replying to @csuwildcat
@slightlylate@ejpbruel block rewards are simply an organic way to start the flywheel, instead of the gov sky god common in adult fairytales1 reply 0 retweets 0 likes -
Replying to @csuwildcat
@csuwildcat : might I recommend some good books? Pure antagonism towards Fed is...not even wrong (and I hate a lot of its policy)@ejpbruel1 reply 0 retweets 0 likes -
Replying to @slightlylate
@slightlylate@csuwildcat@ejpbruel Agreed. I am not a fan of the Fed but I'm not a believer that Bitcoin is the utopian answer.1 reply 0 retweets 0 likes -
Replying to @iTorrey
@iTorrey@slightlylate@ejpbruel utopian answer? I never made claims of utopian anything. Strawman much?2 replies 0 retweets 0 likes
@csuwildcat @iTorrey @ejpbruel : no hard feelings though.
/me rides to work on unicorn
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Replying to @slightlylate
@slightlylate You're such an eco friendly hipster! Now watch@csuwildcat go all GoDaddy and shoot your unicorn and pose for pics.0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
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