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Is Bitcoin a Ponzi scheme?

submitted by MichaelStewart to CryptoReality 2.5 yearsNov 6, 2021 15:18:27 ago (+4/-3)     (youtu.be)

https://youtu.be/IdA6vmKJxyk

People compare investing in Bitcoin to a Ponzi scheme. Let's investigate.


21 comments block


[ - ] frankenham 6 points 2.5 yearsNov 6, 2021 15:30:29 ago (+6/-0)

Crypto is a globalist scheme to rid the world of paper currency and to implement total control over the financial division and ultimately our lives.

[ - ] CPU 1 point 2.5 yearsNov 6, 2021 23:47:02 ago (+1/-0)

I saw a post on OV about a model for crypto published in the 80s, iirc.

[ - ] dalai_llama 0 points 2.5 yearsNov 6, 2021 15:36:59 ago (+5/-5)

lol, crypto is the only thing keeping governments from mandating cashless societies. They can't go cashless if they don't have a monopoly on the money supply. The only advantage their fake money has over fake crypto money is the physical notes.

Nice try though, you fucking kike.

[ - ] Love240 6 points 2.5 yearsNov 6, 2021 15:45:00 ago (+6/-0)

You have control over a physical piece of linen in your possession, you have control over jack-shot when it's digital. Try buying something when the jews don't let you use the networks. Or are you under the delusion you can control that too?

[ - ] WanderingToast 3 points 2.5 yearsNov 6, 2021 19:31:22 ago (+3/-0)

You don't though.

That bit of linen in your pocket is about to lose its value. Why? Because 70% of all versions of that linen, were created in the last 18 months or so.

Your pocket linen can be taken by the government also.

There was a time, where you could spend US dollars in almost every country in the world...you can't do that anymore...

[ - ] dalai_llama 1 point 2.5 yearsNov 6, 2021 20:52:01 ago (+2/-1)

Exactly, as soon as crypto is eradicated, governments will impose cashless policies on everyone. Good luck holding out when they can literally turn your ability to buy food on and off with the flip of a switch.

[ - ] frankenham 1 point 2.5 yearsNov 7, 2021 01:34:58 ago (+1/-0)

Crypto IS a cashless currency...

You can't make a single transaction without it being traceable. US cash may be devaluing but it still holds the ability to be transferred directly person to person without any trace. Crypto is the exact opposite direction you want to go with US currency, what we need to do is revert back to commodity based currency which is backed by things of physical value.

[ - ] patchCodeUnsuccessful 1 point 2.5 yearsNov 6, 2021 17:48:55 ago (+1/-0)

That's stupid, they could still go cashless regardless of what else exists out there.
Nothing really special about the idea, send a command that society is going cashless. Put out the tools for card transfers to all businesses, wait till 95% uptake, stop the mint, as cash goes back into banks destroy the physical. You now have a paperless currency dominating the market.

[ - ] dalai_llama 1 point 2.5 yearsNov 6, 2021 20:53:38 ago (+1/-0)

So in that case, you're advocating having government issued electtonic currency be your only option? Or would you rather have an alternative?

[ - ] patchCodeUnsuccessful 1 point 2.5 yearsNov 6, 2021 22:19:10 ago (+1/-0)

I'm not advocating anything here. I'm saying that if they wanted to do it they could already. Nothing is currently stopping them from implementing a new currency system.

[ - ] frankenham 1 point 2.5 yearsNov 7, 2021 01:38:26 ago (+1/-0)

They ARE currently implementing a currency system. These things don't happen overnight. Each generation is pushed into the new system little by little. Debit cards, tap pay, paying with your phone, now crypto. We are already entering the cashless system, slowly but surely.

[ - ] Teefinyomouf 1 point 2.5 yearsNov 7, 2021 09:11:06 ago (+1/-0)

send a command that society is going cashless

NYT: Massive Russian Counterfeiting Revealed. 90% of Paper Currency Fraudulent.

[ - ] pshawman 1 point 2.5 yearsNov 6, 2021 19:22:29 ago (+1/-0)

Go look into who funds blockstream dumbass. The fags who took control of the code base in 2015 and refused to up the blocksize.

[ - ] dalai_llama 1 point 2.5 yearsNov 6, 2021 20:54:45 ago (+1/-0)

Go look in to who funds the government sponsored currency dumbass.

Why are you actively advocating for a money supply monopoly?

You are fucking retarded, that's why.

[ - ] allahead 4 points 2.5 yearsNov 6, 2021 17:48:36 ago (+4/-0)

No, but beware of "pump and dump" cycles made by big investors to loot from individual investors.

Bitcoin and other reputable crypto can be used as a medium of exchange. A ponzi scheme just takes and redistributes money from investors, there is no other function. Having said that, Bitcoin is probably a globohomo operation to beta test technology and get people used to the idea of digital only currency.

When the NWO rolls out their digital currency (it won't be a crypto coin, just digital, no mining) they will just cut off Internet access for anyone trying to use Bitcoin or other currencies.

[ - ] deleted 3 points 2.5 yearsNov 6, 2021 15:37:12 ago (+3/-0)

deleted

[ - ] dalai_llama 1 point 2.5 yearsNov 6, 2021 20:59:17 ago (+1/-0)

ITT: Waaaah, options are bad. I only want government issued currency because anything else is issued by mean people! Not my precious government notes, though. My beloved government would never abuse me through economic control!

[ - ] pshawman 1 point 2.5 yearsNov 6, 2021 19:21:30 ago (+1/-0)

At this point everything is a ponzi scheme.

[ - ] i_scream_trucks 1 point 2.5 yearsNov 6, 2021 18:52:16 ago (+1/-0)

does the pope shit in the woods?

[ - ] LoliNeko 1 point 2.5 yearsNov 6, 2021 17:14:27 ago (+1/-0)

It is plausible, to send the cattle fleeing from the alligator's jaw to the lion's jaw.

Bitcoin is ultimately uniquely traceable since everything are publicized on the blockchain. You can be exposed given a capable enough deep learning algorithm and a sufficiently powerful computer.

Try looking at private-by-default cryptocoins like Monero.

[ - ] dalai_llama 1 point 2.5 yearsNov 6, 2021 20:56:03 ago (+1/-0)

Ya,but that's true with regular, government issued currency as well. Not sure whay your point is.