Comment on Bitcoin by analogyparentComments−wmf12yTechnically Bitcoin is not a Ponzi scheme, but it has structural incentives for speculators to rope in more and more other speculators to drive up the price.−kylebrown12ySo does venture capital. And stocks, and commodities, and real estate, etc etc...
Comments
Technically Bitcoin is not a Ponzi scheme, but it has structural incentives for speculators to rope in more and more other speculators to drive up the price.
So does venture capital. And stocks, and commodities, and real estate, etc etc...