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[onlyprofits]

This news originated from a debate over a series of tweets from the financial commentator, Frances Coppola, who does not believe in Bitcoin and exposes that BTC is infinite, since by subdividing the shortage of BTC is eliminated.
The term PONZI applied to BTC is defended by Professor Jorge Stolfi, a professor at the University of Campinas, he says that the invested money simply disappears, unlike gold in which you get something physical.
What do you think about the opinion of these two characters?

 

[Wisdom01]

I think bitcoin is never a ponzi scheme because when you invest a certain amount on bitcoin there is probability of your money doubling and also falling rapidly , and ponzi scheme is more of just doubling your money only

 

[wilsnico]

This news originated from a debate over a series of tweets from the financial commentator, Frances Coppola, who does not believe in Bitcoin and exposes that BTC is infinite, since by subdividing the shortage of BTC is eliminated.
The term PONZI applied to BTC is defended by Professor Jorge Stolfi, a professor at the University of Campinas, he says that the invested money simply disappears, unlike gold in which you get something physical.
What do you think about the opinion of these two characters?

It is not true when money is invested in Bitcoin, the money is lost.
A French judge has already given a judgment that bitcoin money is.
You only have swapped your money for other money that can fall and rise in value as the money you had before.
The money in your bank account is not physically either !
There is no bank in the world that has all the money of their customers in physical form.
If all customers of a bank had to ask there money in physical form, there is no bank in the world that can make the dream come true.
So if according to them bitcoin is a ponzi system, then fiat money is also a ponzi system.

 

[wilsnico]

This news originated from a debate over a series of tweets from the financial commentator, Frances Coppola, who does not believe in Bitcoin and exposes that BTC is infinite, since by subdividing the shortage of BTC is eliminated.
The term PONZI applied to BTC is defended by Professor Jorge Stolfi, a professor at the University of Campinas, he says that the invested money simply disappears, unlike gold in which you get something physical.
What do you think about the opinion of these two characters?

I also disagree with the infinite supply of coins.
The system is just designed to do the opposite with the halving.
There's a reason we compare it to gold.
The thing I agree with is that bitcoin is going to be less decentralized.
This is because it is only possible to mine a block iff you own a large mining-farm.
As it is with gold, they're only in the hands of large industrial companies and so a view have power over controling transactions and the new supply of bitcoin.

 

[onlyprofits]

I also disagree with the infinite supply of coins.
The system is just designed to do the opposite with the halving.
There's a reason we compare it to gold.
The thing I agree with is that bitcoin is going to be less decentralized.
This is because it is only possible to mine a block iff you own a large mining-farm.
As it is with gold, they're only in the hands of large industrial companies and so a view have power over controling transactions and the new supply of bitcoin.

It is true, the main mining centers are in the hands of large companies, thank God small investors can also obtain good profits from Bitcoin mining by installing mini mining farms, which is not complicated or very expensive when seeing the cost benefit relation

 

[onlyprofits]

I think bitcoin is never a ponzi scheme because when you invest a certain amount on bitcoin there is probability of your money doubling and also falling rapidly , and ponzi scheme is more of just doubling your money only

The ponzi system is a system based on a pyramid that depends on those who invest behind you, the BTC also depends on investments like any system, but unlike the ponzi system it does not have a referral system, so you do not depend on them, you only depend on the behavior of the market around Bitcoin.

It is not true when money is invested in Bitcoin, the money is lost.
A French judge has already given a judgment that bitcoin money is.
You only have swapped your money for other money that can fall and rise in value as the money you had before.
The money in your bank account is not physically either !
There is no bank in the world that has all the money of their customers in physical form.
If all customers of a bank had to ask there money in physical form, there is no bank in the world that can make the dream come true.
So if according to them bitcoin is a ponzi system, then fiat money is also a ponzi system.

I agree 100% with you, what people do not know is that fiat money is not paper money, this money is only backed by central banks and paper money is something like a bearer check that guarantees the value of exchange.

 

[Wisdom01]

Why will they say it is ponzi scheme. Didn't he know what ponzi scheme is. And what crypto currency is. Ponzi is a scheme that intend to increase or double one's money, in which will later turn to scam. Crypto currency is a currency used to buy and sell goods and services. Or is he saying that dollar is a ponzi scheme

I dont actually understand the person point and i think its best , he or she goes back to study crypto ,because there is even forced where people buy and sell currency , so i dont understand him

 

[wilsnico]

It is true, the main mining centers are in the hands of large companies, thank God small investors can also obtain good profits from Bitcoin mining by installing mini mining farms, which is not complicated or very expensive when seeing the cost benefit relation

I am one of those who fights it that it does not come 100% into hands of the big industry such as oil and energy companies.
I have a solar panel system and two miners running on it.?
But it's more like a revolutionary act than actually earning money.?‍?
Still a long time to go before the system's expenses are won back.?
My miners are also starting to show signs of working hours.?
I've moved to pool-Mining because it's a little more profitable than solo.

 

[onlyprofits]

I am one of those who fights it that it does not come 100% into hands of the big industry such as oil and energy companies.
I have a solar panel system and two miners running on it.?
But it's more like a revolutionary act than actually earning money.?‍?
Still a long time to go before the system's expenses are won back.?
My miners are also starting to show signs of working hours.?
I've moved to pool-Mining because it's a little more profitable than solo.

I congratulate you on your entrepreneurship, apparently you are a very enterprising person and open to new technologies. It was a correct decision to move to a mining pool, since being alone it is very difficult for you to obtain the same benefits.

 

[ELSA-ELI]

Everything that can be recognised to have value is more on the influence of the supply and demand.BTC and I don't know how but every day it seems like it is marketing itself and then it has caused a stir in the financial world to recognise it wether they consent or not plus regardless as long as there is internet you cant really restrict btc transactions.For some good years ahead crytpocurrency will stand unless something better comes along as a mode of exchange of goods and services.

 

[wilsnico]

I congratulate you on your entrepreneurship, apparently you are a very enterprising person and open to new technologies. It was a correct decision to move to a mining pool, since being alone it is very difficult for you to obtain the same benefits.

The problem is that when you are a small miner you quickly notice that all transactions with a high tip are swallowed by large mining farms that are owned by the big industry.
Since it has become almost impossible for a small miner to dig a block, you especially check miner transactions with low tip to earn money.
They should change the system that it is not the big ones that can obtain first choice.

 

[onlyprofits]

Everything that can be recognised to have value is more on the influence of the supply and demand.BTC and I don't know how but every day it seems like it is marketing itself and then it has caused a stir in the financial world to recognise it wether they consent or not plus regardless as long as there is internet you cant really restrict btc transactions.For some good years ahead crytpocurrency will stand unless something better comes along as a mode of exchange of goods and services.

BTC has no ceiling and its future has no limits, it is true that its strength is based on supply and demand and at the present time the demand has grown exponentially thanks to the investments of large institutions and opinions about BTC as a excellent store of value

 

[onlyprofits]

The problem is that when you are a small miner you quickly notice that all transactions with a high tip are swallowed by large mining farms that are owned by the big industry.
Since it has become almost impossible for a small miner to dig a block, you especially check miner transactions with low tip to earn money.
They should change the system that it is not the big ones that can obtain first choice.

I know very little about mining, but if I know about the commissions that must be paid, the higher the commission, the faster the transaction, with that the biggest beneficiaries are the large mining emporiums, relegating the small ones

 

[ELSA-ELI]

BTC has no ceiling and its future has no limits, it is true that its strength is based on supply and demand and at the present time the demand has grown exponentially thanks to the investments of large institutions and opinions about BTC as a excellent store of value

Very true we are having a good run with btc at the moment and we just have to enjoy it.more for us that are earning it and then withdrawing as the dollar has really gained.

 

[achawaskey]

If Bitcoin it is a ponzi scheme, the level of its acceptability would not have happen and the way other business outlets have integrated it in there payment options.

 

[onlyprofits]

Very true we are having a good run with btc at the moment and we just have to enjoy it.more for us that are earning it and then withdrawing as the dollar has really gained.

That's right, in this world of cryptocurrencies you don't have to trust yourself, this is very dynamic and the market is still manipulable, therefore you have to be very careful, BTC is in a very strong overbought zone

 

[onlyprofits]

If Bitcoin it is a ponzi scheme, the level of its acceptability would not have happen and the way other business outlets have integrated it in there payment options.

100% agree with you, there will always be people who are enemies of the cryptocurrency system and mainly Bitcoin, but little by little it has been shutting up each of its detractors

 

[GoldenLady]

Why will they say it is ponzi scheme. Didn't he know what ponzi scheme is. And what crypto currency is. Ponzi is a scheme that intend to increase or double one's money, in which will later turn to scam. Crypto currency is a currency used to buy and sell goods and services. Or is he saying that dollar is a ponzi scheme

This is his own view and there are many people out there who may share similar views about Bitcoin.

But it's wrong that Bitcoin is a ponzi scheme. With Bitcoin, there's always the possibility of price dropping, which you can never find in a ponzi scheme.

 

[Niftyicon]

I would have expected a different scheme in his comparison of bitcoin but definitely not ponzi. Bitcoin is decentralized and only affected by the forces of demand and supply while the whole thing about ponzi always have a mastermind.

 

[Wisdom01]

Don't mind him. They will criticize crypto currency until someone let them know the benefit of crypto currency. Later there will want to invest when it is late for them

I think you are right but the person shouldn't make such statement again ,because many might accept or think its truly a possibility scheme i think