Bitcoin is a Ponzi

[cheek100]

I think dude made a mistake. Hes referring to Paolo Ardoino who is the CEO of the Bitfinex exchange and also the same people behind Tether which is used in the majority of all crypto transactions. Him and his whole team are crooks

Bruh he said anthony pomp. He’s not ceo of a blockchain he’s a hedge fund manager (a whale). He’s very visible (most hf guys are crooks). @thephatmack just don’t know shyt that’s all.
Bottom line there’s a 2 tril mc out there and that’s not just criminals cleaning money. Reputable money firms are in this for the long haul.

 

[dєvilsblυєs]

Would love to hear pro-crypto folks actually critique his points instead of ad hominems.

Writer of that blog Jorge Stolfi aka Reddit user jstolfi (avid Buttcoin poster which is a crypto hate sub-reddit)
He is considered a troll by Bitcoin enthusiasts. He became more than just a hating troll once he actually wrote to SEC in an attempt to block Bitcoin's ETF proposal.

I mean if you really want to see people dismantle his points then just look back through the bitcoin sub-reddit (he's been doubting Bitcoin since 2013) or read why bitcoin isnt a ponzi scheme

If he wasn't an elderly white man I would have absolutely no doubt in my mind that you were actually him.

 

[lib123]

Writer of that blog Jorge Stolfi aka Reddit user jstolfi (avid Buttcoin poster which is a crypto hate sub-reddit)
He is considered a troll by Bitcoin enthusiasts. He became more than just a hating troll once he actually wrote to SEC in an attempt to block Bitcoin's ETF proposal.

I mean if you really want to see people dismantle his points then just look back through the bitcoin sub-reddit (he's been doubting Bitcoin since 2013) or read why bitcoin isnt a ponzi scheme

If he wasn't a middle aged white man I would have absolutely no doubt in my mind that you were actually him.

I didn’t know much about him until reading his article. But his points are very valid about Bitcoin having Ponzi-esque characteristics. The rapid appreciation hasn’t been driven by widespread day-to-day adoption. It’s been driven by influx of new investors. And just because someone has been criticizing something for an extended period doesn’t mean they don’t have valid points.

 

[dєvilsblυєs]

I didn’t know much about him until reading his article. But his points are very valid about Bitcoin having Ponzi-esque characteristics. The rapid appreciation hasn’t been driven by widespread day-to-day adoption. It’s been driven by influx of new investors. And just because someone has been criticizing something for an extended period doesn’t mean they don’t have valid points.

His point is definitely true of some scam alt-coins seeing as how they're constantly "rugged"

But I don't think he understands nor cares to really understand Bitcoin

 

[lib123]

His point is definitely true of some scam alt-coins seeing as how they're constantly "rugged"

But I don't think he understands nor cares to really understand Bitcoin

The points he made about Bitcoin are valid. It’s not exactly like a Ponzi scheme in that investors aren’t being defrauded, but the forces (and mass mentality psychology) pushing it higher are similar to that of a Ponzi scheme.

 

[boskey]

It might be wrap city for the 100K predictions. It would take several billion in new money in the space to reverse these losses. Where is that supposed to come from? Most people who jumped in will not be doubling down

 

[cheek100]

It might be wrap city for the 100K predictions. It would take several billion in new money in the space to reverse these losses. Where is that supposed to come from? Most people who jumped in will not be doubling down

so u think theres no more money left in the world

 

[boskey]

so u think theres no more money left in the world

Not enough left that’s going to fall for the same lies that you fell for. Maybe they’ll come up with something else but “future of money” is out the window…

 

[cheek100]

Not enough left that’s going to fall for the same lies that you fell for. Maybe they’ll come up with something else but “future of money” is out the window…

sounds like u got it figured out breh

 

[lib123]

Not enough left that’s going to fall for the same lies that you fell for. Maybe they’ll come up with something else but “future of money” is out the window…

Don’t mind them. They act like crypto wasn’t dead until Covid stimulus funds and lockdown disposable income pumped the bubble with new investors.

 

[High quality poster]

Don’t mind them. They act like crypto wasn’t dead until Covid stimulus funds and lockdown disposable income pumped the bubble with new investors.

 

[boskey]

Don’t mind them. They act like crypto wasn’t dead until Covid stimulus funds and lockdown disposable income pumped the bubble with new investors.

Stimulus and massive pumping and price manipulation

 

[lib123]

So now BTC will definitely crash to 15k or less by end of January, or else you'll add "I don't know wtf I'm talking about" in the thread title right?

 

[lib123]

yes…that’s why he got banned from the main crypto thread

 

[old pig]

all markets are down

but I still made several years worth of my old salary in half a year

and I’m still sitting on profit I can take

not much you can gloat to me about…especially this lmao