Comment: From the 'Myths' list: "It's

(See in situ)


From the 'Myths' list: "It's

From the 'Myths' list:

"It's a giant ponzi scheme

In a Ponzi Scheme, the founders persuade investors that they’ll profit. Bitcoin does not make such a guarantee. There is no central entity, just individuals building an economy.

A ponzi scheme is a zero sum game. In a ponzi scheme, early adopters can only profit at the expense of late adopters, and the late adopters always lose. Bitcoin has an expected win-win outcome. Early and present adopters profit from the rise in value as Bitcoins become better understood and in turn demanded by the public at large. All adopters benefit from the usefulness of a reliable and widely-accepted decentralized peer-to-peer currency."

https://en.bitcoin.it/wiki/Myths#It.27s_a_giant_ponzi_scheme

All myths:
https://en.bitcoin.it/wiki/Myths