Re:Statement on Potentially Unlawful Online Platforms for Tr...
by loceng on Wednesday March 07, 2018 @02:45PM
(#16539201)
How can something structured as a Pyramid-Ponzi scheme be considered a legitimate new industry? I've yet to see anyone address - while referencing the Pyramid-Ponzi structures of the most popular crypto-assets - and give reason as to why this is okay (when traditional Ponzi schemes are not legal, and for good reason).
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Re:Statement on Potentially Unlawful Online Platforms for Tr...
by flowctrl on Wednesday March 07, 2018 @09:46PM
(#16541876)
Here you go. This chart breaks down the differences between Pyramid schemes, Ponzi schemes, and open public cryptocurrencies such as Bitcoin. By "open public" I mean that there is no central authority or organization. Bitcoin is a decentralized open source project run by community participation (anyone can run a node or miner, and millions of people do).
