For account approval and general support, email or go to

How Can I Convince You that Bitcoin's NOT a Ponzi-Scheme?


Recommended Posts

Bitcoin (or whatever cryptocurrency you prefer ... but "'crypto-ANYTHING' is never something you want to get involved with 🤣") is a way to keep your money safe from hackers. When you put your money into Bitcoin, the password that locks it into The Blockchain (or takes it out of The Blockchain to send it to another account) is the answer to an equation that's confirmed by several Crypto-miners---other computers that send guesses to The Blockchain's main computers, loading your transaction onto (or off of) The Blockchain when enough of them guess 'the right answer.'

Link to comment
  • 4 weeks later...

If Bitcoin were a Ponzi scheme, investors would be receiving regular payouts from somewhere. In truth, the value of Bitcoin is anything but consistent and its price can swing wildly. It isn't uncommon for Bitcoin to gain or lose 20% in a single day.

There are platforms that pay steady APYs on Bitcoin. Indeed, it would be fair to question whether any of the platforms paying crazy high returns on crypto deposits are Ponzi schemes. But to level this accusation at Bitcoin would be the same as calling the dollar a Ponzi scheme because some scammers use it as a form of payment.

Link to comment

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.