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2022-12-20 19:52:39

elon on Nostr: why Bitcoin is a ponzi scheme: definition of a pozi scheme: "a form of fraud in which ...

why Bitcoin is a ponzi scheme:

definition of a pozi scheme: "a form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors."

now answer this:
why do people buy bitcoins? (hint: so that they can sell it later for a higher price to someone else)
Author Public Key
npub16quq08wx0x77dhx6g0wssp2zwrrauvmzlkddpaeee2vhnpfa3vwsqverrp