this post was submitted on 08 Apr 2024
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Bωockchain
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bwockchain is not a technology of the future, buttcoin is a scam.
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Personally, I'd say Bitcoin is a negative-sum game.
In order for one person to win, thousands of people have to lose. If that was all it was, Bitcoin would be merely a zero-sum game. However, Bitcoin mining also uses up valuable resources like electricity and processing power, so there's still a loss.
Calling Bitcoin a Ponzi scheme isn't wrong, though.
looks pretty ponzi to me, mods comments made things even worse ^_-
Right, their comment basically is "A Ponzi scheme is when a company does it, but Bitcoin isn't a company, so when Bitcoin does it it isn't a Ponzi scheme!"
Ok, but they never denied they were doing it...