Question

In what ways is bitcoin similar to a Ponzi scheme?

In what ways is bitcoin different?

Answer 1

Bitcoin -. a digital currency it maintains accounting record for transactions and regularly updated Ponzi Scheme - uses the funds of investora for come profitable activity - Shaves outwen with investor. # Similarity I an lonzi, entity take money from investora 1 (new) for investing - sin & promise A greeng Cutrageoul returns to old intresorn Money making process i not to ethical ly as people are making I money they are happy about it. Told inentorn bail out and are not found with sufficient money as innesstorn (new) thought they would les w ieving similar thing happen with bitcoin it is sold calling it to be a

Date: I viable currency. Imeactors (new) buys it at high pricel - good return paid to older investors Дом с иш еxit Д идо идилдод aren't enough to replace the last one to buy it suffers losses. So the process of both Ponzi and Bit win is relatively same # Difference Bitcoin doin't lewe investora for ineesting in it unlike Ponzi scheme. 2.) Bitcoin provides no asurity of regular returns as bitcoin prices fall rapidly Bitcoin is a decentralized blockchain _t или дома и0 19u is comХ on Lлд, Н. There are no such recruitment awards lanociated with bitcoins. 5) Bitcoin is comparatively transparent than tradulent Ponzi scheme
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