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To: SeekAndFind

I don’t think he’s real. I’m convinced that Bitcoin, and other E-currency, is just a way to remove real money from people for vapour money.

It’s how all ponzi schemes work.


5 posted on 02/25/2024 9:11:23 PM PST by Jonty30 (I may not know as much about American history and law as I like, but I know more than most liberals.)
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To: Jonty30
It’s how all ponzi schemes work.

Except this wasn't a ponzi scheme. Charles Ponzi paid off existing investors with money from new investors. Nakamoto never accepted a dime from anyone and he distributed his bitcoin code to volunteer miners for free, so miners could produce and sell their own bitcoins. Nakamoto has made exactly zero dollars from bitcoin. There was nothing ponzi about it.

6 posted on 02/25/2024 9:29:46 PM PST by Right_Wing_Madman
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