Quote:
Originally Posted by SharkAttack
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.
|
Bitcoin is decentralized. In all of history can you name a decentralized ponzi? A ponzi needs a centralized person, company, entity, to enrich themselves at the expense of others, with Bitcoin this is not possible.
If you want to talk ponzi schemes, look into 20,000 (centralized) altcoins, or every (central controlled) fiat system.
I appreciate your opinion Sharky, just pointing out that it's not a ponzi that's all
and most people make that same mistake.