Quote:
Originally Posted by aka123
Thanks,
"A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator."
Just like with bitcoin.  |
It doesn't fit that definition. True, bitcoin doesn't earn a profit. Technically there are transaction fees paid to miners that keep the system running. But there is no single operator. It's a peer to peer system. New investors pay old investors directly to acquire coins.