Re:Bitcoin has risen more than eightfold in past year
by bandrami on Tuesday August 15, 2017 @01:20PM
(#15020247)
Precious metals have absolutely been operated as Ponzi schemes before (remember the dude who pump & dumped the silver market in the 70s?)
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Re:Bitcoin has risen more than eightfold in past year
by guardiangod on Tuesday August 15, 2017 @02:36PM
(#15021023)
Are you saying the silver market behaved as a Ponzi scheme?
No. A person was using the silver market as a ponzi scheme vehicle, it doesn't mean the silver market itself was a ponzi scheme.
Same as Bitcoin here. A devious actor could use Bitcoin as the product for a ponzi scheme, that doesn't mean bitcoin is a ponzi scheme as much as the tulip bulb market itself is a ponzi scheme.