Comment You do not know what a Ponzi scheme is. (Score 1) 357
You do not know the differences among Ponzi schemes, speculative investment, and currency.
You lack the elementary comprehension of the matters you so vehemently lecture others about.
You keep describing speculative investment and calling it a Ponzi scheme. A Ponzi scheme involves paying returns to earlier investors from the contributed capital of later investors, while misrepresenting the returns as new funds generated by the successful performance of financial investment. Bitcoin does not pretend to be a performing investment. It holds itself out as a marker in limited supply worth whatever equilibrium of value it holds among the collective traders who independently adopt it as a currency. You might think this scheme mad. You might argue that it could only be a fraud. But it is not remotely a Ponzi scheme.
By pretending to know what you're talking about when describing a Ponzi scheme, you are just shouting down others while you have nothing worthwhile to say on the subject.
You might eventually have something of value to say, but not until you stop polluting your analysis with false claims of superior knowledge.