You're making predictions and looking for borrowers with promises of returns. Yes, we've been there before. You just didn't understand that you're the one who has to make promises of returns so that someone will buy the worthless Bitcoin from you. Ponzi. Everyone who has Bitcoin has to join in and find it totally awesome and market it. Otherwise no one will buy it from you. Good luck with the scheme, the debtor will always be kind to you.
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I don't think you understand the concept of promised returns, could that be?
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@stefan_21 Is there an official definition? I define it as a "promise" or advertisement by someone that a financial product will yield a return. In the case of Bitcoin, that it's a brilliantly performing asset. This is only true as long as there is someone who buys an inherently worthless Bitcoin from the previous owner. And then has to look for a subsequent debtor. Who is looking for another one. Always with the advertisement that there is a return.
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@Madhatter5566 Promises of returns in Ponzi schemes are usually either something like "daily 2% return" or "weekly 4% payout" etc.
I don't see how social media posts about an asset in any way come close to that. So I haven't made any promises to anyone.
In Ponzi schemes, the scammer pockets the money and pays the old investors the new investors' money. You don't have that with Bitcoin either.
The price is set on the market by supply and demand. The assumption that Bitcoin is a huge global Ponzi scheme is simply ridiculous.
I don't see how social media posts about an asset in any way come close to that. So I haven't made any promises to anyone.
In Ponzi schemes, the scammer pockets the money and pays the old investors the new investors' money. You don't have that with Bitcoin either.
The price is set on the market by supply and demand. The assumption that Bitcoin is a huge global Ponzi scheme is simply ridiculous.
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@stefan_21 So with you it's only a Ponzi if returns are promised directly, not if returns are promised subliminally. Oh boy. So any halfway intelligent scam is not a scam. That's marvelous.
Again: You have to advertise so that you can find someone to buy your worthless thing. Your potential profit is the greed of the next person.
I mean, you even posted the definition and it fits 100% with Bitcoin and all other coins. Whoever holds them has to promote them and think they're cool. Otherwise no return.
Again: You have to advertise so that you can find someone to buy your worthless thing. Your potential profit is the greed of the next person.
I mean, you even posted the definition and it fits 100% with Bitcoin and all other coins. Whoever holds them has to promote them and think they're cool. Otherwise no return.
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@Madhatter5566 Nonsense. Who is the fraudster behind Bitcoin? Satoshi Nakamoto in a dark room rubbing his hands?
And no, the definition doesn't fit Bitcoin, but I've also explained that to you - why should I have to advertise? Is that an entry barrier to trading Bitcoin on the exchange?
And no, the definition doesn't fit Bitcoin, but I've also explained that to you - why should I have to advertise? Is that an entry barrier to trading Bitcoin on the exchange?
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@stefan_21 Well, so that you can find someone to buy your worthless asset. But he only buys something worthless in the hope of finding the next fool. If that's not a Ponzi scheme, then there isn't one. You can see how it goes to your heart when someone says it.
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@Madhatter5566 It's not as if I don't understand what you mean. What you think is the characteristic of a Ponzi is not that, but the game theory behind Bitcoin.
But having this discussion with you is pointless and I really have better things to do.
A Ponzi is an investment scam and with Bitcoin there is no one scamming the investors because there is no head in the background distributing the money.
As I said, we'll see how Bitcoin develops in the future. You have your opinion, I have mine. We'll see who's right😉
But having this discussion with you is pointless and I really have better things to do.
A Ponzi is an investment scam and with Bitcoin there is no one scamming the investors because there is no head in the background distributing the money.
As I said, we'll see how Bitcoin develops in the future. You have your opinion, I have mine. We'll see who's right😉
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@stefan_21 Decentralized Ponzi scheme. Scheme remains scheme. The fact that a Ponzi works for a while doesn't change anything.
And there's your promise of returns again, by the way.
And there's your promise of returns again, by the way.
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