Re:Bitcoin Is a Ponzi Scheme
by mountainboy on Tuesday November 02, 2021 @03:27AM
(#29078106)
to the extent that they involve dishonesty/fraud, yes.
Arguably, when monetary supply increases are publicized, then there is no dishonesty, so not a ponzi scheme.
They have another component though: legal tender laws that force people to accept them for debts, and capital gains laws on other assets that give them an unfair advantage.
So ponzi or not -- probably not what the free market would choose in the absence of such laws.
Arguably, when monetary supply increases are publicized, then there is no dishonesty, so not a ponzi scheme.
They have another component though: legal tender laws that force people to accept them for debts, and capital gains laws on other assets that give them an unfair advantage.
So ponzi or not -- probably not what the free market would choose in the absence of such laws.