Bitcoin vs ponzi

bitcoin vs ponzi

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Ben McKenzie: Crypto is a Ponzi Scheme - Real Time with Bill Maher (HBO)
Cryptocurrencies like Bitcoin work the same way as Ponzi schemes, according to critics like Roubini and Quinn, with new investors paying out. Crypto is one big Ponzi scheme. It is a towering pile of corruption, stupidity and madness and the whole thing should be shut down, now. As Bitcoin is an entirely decentralised asset and operates using the transparency of blockchain technology, Bitcoin cannot be a Ponzi Scheme.
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  • bitcoin vs ponzi
    account_circle Arashisida
    calendar_month 12.06.2023
    It is very valuable answer
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Already have an account? For those who need a review, Ponzi schemes start with an initial investment from an early round of investors, and the money is then used and spent for the purposes of the general partners or issuers of the investment product. However, cryptocurrency is not considered legal tender , unlike coins and banknotes. People who have recently invested often lose their money to an earlier investor. Ponzi schemes are on the rise, promising high returns with minimal risk.