Luís Silva on Nostr: nprofile1q…z5k2y I don't agree Bitcoin is a Ponzi Scheme. It's a currency, a very ...

nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpqwf44gvmu4g6x0gwwjgrnlw0f8dxmvx7h929k057wwv8hwa8clq6s0z5k2y (nprofile…5k2y) I don't agree Bitcoin is a Ponzi Scheme. It's a currency, a very unstable one, but if backed by countries, this can really stabilise it, backing it indirectly by gold and other tangible assets. It has other issues though...more technical ones. Of course it's currently very speculative, but the same happens with stocks and other financial instruments traded in a market. A Ponzi Scheme is mathematically always doomed to burst, since it depends on an exponential growth to keep paying, but Bitcoin only collapses, if everyone sells them or the system breaks as a whole (it's technically a possibility!).