Bitcoin is just another pyramid scheme.
“Bitcoin is just another pyramid scheme”
Gold was the first successful one.
How btc stacks up remains to be seen.
“It’s interesting to look at the equation for the future value of an asset when the yield is set to zero and inflation is ignored, because the equation reduces to the situation in which an asset’s future value always equals its present value, thus any future value depends solely on what some other sucker is willing to pay for it in the future. AND, if such an asset has zero present value, it also has zero future value!
FV = PV * ( 1 * r) ** n
FV = Future Value
PV = Present Value
r = rate of return
n = number of periods of return”
So this proves dollars and all other gov’t backed currency are going to zero?
Bitcoin is just a Ponzi scheme… said the man with Federal Reserve Notes in his wallet. Funny