Quote:
Pon·zi scheme
/ˈpänzē ˌskēm/
noun
a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.
"a classic Ponzi scheme built on treachery and lies"
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No mention of centralization there.
All I said was that my plan is to become an "early investor" in Bitcoin. Then as I get "later investors" to also invest in Bitcoin, then my Bitcoin returns will increase.
Look, I agree that fiat is a total scam and manipulated and controlled by the Feds. We don't even own it because it is legally property of the federal reserve. Fiat is broken, but unfortunately Bitcoin is not a viable solution.
Bitcoin will always remain a "neat application" of the blockchain technology, but it will always be just that and will never attain worldwide adoption unless it becomes regulated where investors aren't dealing with out of control volatility.