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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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To: Right_Wing_Madman

When real money comes in, bit-coin gets issued. There is nothing backing bitcoin if the compter gets turned off, but somebody has made over a trilion dollars.

I don’t believe it’s real, although I do wish I had heard of it when it less than a penny a bitcoin. I would have bought in and sold out and retired.


8 posted on 02/25/2024 9:35:28 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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