This is lazy thinking though. Ponzi Schemes need to obfuscate transactions from both investors and regulators in order for the scam to work, which is the exact opposite of how blockchain functions. These issues alone prove that Bitcoin cannot be a Ponzi Scheme. Blockchain generally speaking is new to most folks and they just don't get it, which explains why I always see a lot of these comments. I'll say though that a lot of crypto, say 99 percent or so of it is in fact garbage, some of which could very much be called scams but not all. BTC though doesn't have a ceo or a board to control it, its truly decentralized, a computer science breakthrough to a large degree imo and can serve multiple functions. I can find numerous examples of cash being used in money laundering also.
NvidiatrollXB1 t1_j1zasg0 wrote
Reply to comment by sirzoop in Crypto and blockchain are not the technology of the future – prove me wrong. by Aquillyne
This is lazy thinking though. Ponzi Schemes need to obfuscate transactions from both investors and regulators in order for the scam to work, which is the exact opposite of how blockchain functions. These issues alone prove that Bitcoin cannot be a Ponzi Scheme. Blockchain generally speaking is new to most folks and they just don't get it, which explains why I always see a lot of these comments. I'll say though that a lot of crypto, say 99 percent or so of it is in fact garbage, some of which could very much be called scams but not all. BTC though doesn't have a ceo or a board to control it, its truly decentralized, a computer science breakthrough to a large degree imo and can serve multiple functions. I can find numerous examples of cash being used in money laundering also.