Bitcoin ponzi game

New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted.The entire economic credit structure operates like a convoluted Ponzi scheme,.Unless the speaculator has (or believes to have) privileged information, that future buyer must be another speculator.Quote. Bitcoin is one of the most important inventions in all of human history.The funamental demamd is that demand that arises from all buyer motivations, except buying as a form of investment.

But depending on how severe the problems are going to be (they may be pretty bad) the money you have invested in the ETF could vaporize i guess.A Ponzi Scheme is a fraudulent investment system in which the investments of later investors are used to pay earlier investors, giving the.But holding shares of that stock does not help it do that function.

Hell, you yourself are one of the combatants, with 298 posts there and only 77 here.

Bitcoin, Value, and Ponzi Schemes - Money and State

Because when you buy bitcoin, directly or though an ETF, you are buying something that can be used to make cross-border payments without permission, or simply record ownership information in an immutable and trustless global ledger.

An online application for buying and selling digital goods worldwide like code snippets, unused accounts, licence keys, valuable texts, links and scripts.Jstolfi comes across as a slightly quirky professor who has a bee in his bonnet about Bitcoin.But for you to call Bitcoin a ponzi scheme merely because the volatility precludes it.Other people predict that Bitcoin will retain value indefinitely.

An asset is useful as a store of value only if its value is determined by fundamentals.Bitcoin faucets only (no hyips or ponzi allowed). now you can earn Bitcoin playing football manager game with imaginary Club names, also player names.

Bitcoin and MMM Ponzi Scheme - - Online

The problem however is that the website is most likely just a scam and another well made Ponzi Scheme that is.

For bitcoin you might say cross-border immediate payment, or publishing data to the global immutable ledger.The points about criminal usage are laughable, it is as if we should forget what we have put up with for centuries with Fiat and I wonder why bring up these childish points.An Indian politician labeled Bitcoin as a Ponzi scheme while calling for tighter regulations. Read more.At least I can send my Bitcoin to that man with his cheap plot of land in the Sahara.