Here's the thing snow, it IS a ponzi scheme, but it's also a valid secure money system. It can be both. Expand your view
Here's how you start.
WHO owns the exchanges?
HOW is the exchange rate of bitcoin to USD (ie; the buy price) set?
Don't say scarcity. That is already proved incorrect because of wild volatility while people are still mining a scarce resource at a more or less steady rate at scale
full disclosure : i have mined 2.5 bitcoin in a mining pool in europe years ago. I still have some. I support cryptocurrency, especially those newer ones that are implementing quantum resistant algorithms, as well as ethereum as it is infrastructural and not simply a sunken cost of energy, time and expensive specialized equipment
Still a Ponzi scheme.
tell me you know nothing about bitcoin, without telling me...
Here's the thing snow, it IS a ponzi scheme, but it's also a valid secure money system. It can be both. Expand your view
Here's how you start.
WHO owns the exchanges?
HOW is the exchange rate of bitcoin to USD (ie; the buy price) set?
Don't say scarcity. That is already proved incorrect because of wild volatility while people are still mining a scarce resource at a more or less steady rate at scale
full disclosure : i have mined 2.5 bitcoin in a mining pool in europe years ago. I still have some. I support cryptocurrency, especially those newer ones that are implementing quantum resistant algorithms, as well as ethereum as it is infrastructural and not simply a sunken cost of energy, time and expensive specialized equipment