Bitcoin is a pyramid scheme reddit
coin/token higher and makes you and everyone else who invested in it what they'd hoped for: profit on their investment. I know there are a lot of people on this sub who are way more financial-minded than I am so I wanted to open this question up here on reddit. How would you word it? For me this validates it all. I know how that can bitcoin reach 1 million works and this is nothing like that. I completely love the concept. The freedom and innovation. But given that the peeps who hold and maintain the bitchain (now for free) and the bitminers are one and the same. And there are increasing costs and declining benefits to bitmining? Are we all just investing in a gigantic ponzi scheme getting scammed by each other?
Maybe it is like a ponzi scheme at this point. You hope someone else buys it after you. What happens when BC issuance starts closing in on 21MM? Isn't this like a ponzi, where as long as people are convinced they are putting money into a legitimate going concern, but no real escape if they need the money by trading that investment into real goods and services when and if the BC declines. Purchases can be made with. No one here is recruiting 5 people to sign up using their referral link for extra bonuses, There are no multipliers, no tiers of membership. Don't transaction fees start becoming an option for blockchain providers?
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The best explanation I snel veel zwart geld verdienen can offer my coworkers is that "Bitcoin is a service that is disguised as a product". I don't even get why they've jumped to this idea. Since there seem to be no barriers to entry, and other crytocurrencies are being created every day, could this be like the multi-level marketing that we have seen before? A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome. And when humans are controlling the machines, this system is doomed to fail. How do I square up a solid argument about this? When they inevitably tell me "Sounds like a pyramid scheme".I've worked for pyramid scheme company's in the past.
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