Quote:
Originally Posted by CAHEK
A great example of an extremely long running ponzi scheme was the Madoff Investment Scandal, dating back to the early 1990s. BitCoin by comparison is still young in comparison and whilst most pyramid and ponzi schemes are pump and dump affairs there’s no reason why they can’t operate under the guise of being legitimate for many years before the house of cards starts coming down.
|
Dirty F is completely correct. bitcoins cannot be a ponzi scheme.
fact is, there are multiple distribution spots/channels, no centralized distributor, the price is completely liquid and you can buy and sell at any time on any exchange you wish.