They call #bitcoin a ponzi.
The two largest property platforms in Australia are owned by the two largest media groups.
We are constantly blasted with headlines like:
“What does [trivial matter] mean for Australian property?”
“How this influencer [i.e. OF slurry] bought 10 properties before her 30th birthday”
Every. F**king. Day.
Remind me, what’s a ponzi?
both are ponzis
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Do you think bitcoin is a ponzi?
of course
When I look at the definition of a Ponzi, I don’t think you can label bitcoin as one.
When I look at Bitcoins, I see nothing. There is no "there" there.
Yet, fiat currency changes hands. The old investor makes his return out of the investment of the new investor.
