Are bitcoins a ponzi scheme

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Open Source: The Opposite of grows, the value per coin.

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Myth: Bitcoin is a Ponzi Scheme - Coinbase Crypto University
This one is history, and the answer is clearly �yes�. Ponzi scheme refers to a specific type of fraud, what is going on with bitcoin should. A classical Ponzi scheme is a financial fraud run out of smoke-filled rooms of old men shuffling money around bank accounts and manipulating accounting. according to critics like Roubini and Quinn, with new investors paying out early investors because no actual cash flows are being produced.

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Ethereum not a secuty

Cards as a Service. As long as new people are entering the system, the earlier investors are seemingly making profits. Buying cryptocurrency is simple, you can do so with a credit card or bank transfer, and then the funds are stored in the digital wallets allocated to you specifically. Our website cookies help give you a better web experience and keep everything working nicely. There are even more who are genuinely convinced by specious arguments tied to stories they simply want to believe in, and that can be a powerful force for post-hoc rationalisation of fantasies.