Bitcoin Magazine has become a refuge for shitcoiners and JPEG maximalists. But in the middle of meaningless articles are buried some gems worth having a look. I dig them out and post them here so that you don’t have to.
The Bitcoin Ponzi scheme paradox
An excellent article telling the story of Ponzi schemes, how Bitcoin does not fit the definition and how governments are the biggest Ponzi of all
https://bitcoinmagazine.com/guides/the-bitcoin-ponzi-scheme-paradox
Classic example of the ponzi-scheme is our Social Security program... just saying....
Thanks for the share. Many people I know still think bitcoin is a ponzi scheme. Will be interesting to see them capitulate over the next decade.
Great article and yeah I agree about Bitcoin magazine…wtf happened?!
Thank you for your service. :)
That name rings a bell, btw. Not sure why yet...