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
Classic example of the ponzi-scheme is our Social Security program... just saying....
reply
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.
reply
Great article and yeah I agree about Bitcoin magazine…wtf happened?!
reply
I dig them out and post them here so that you don’t have to.
Thank you for your service. :)
Author: Iain Davis
That name rings a bell, btw. Not sure why yet...