Today we answer the question: Is Bitcoin a Ponzi Scheme? TCB examines the claim that Bitcoin is a Ponzi scheme and argues instead that the modern fiat monetary system more closely matches Ponzi characteristics. It defines a Ponzi scheme by five traits: a central operator, promised returns, paying old investors with new investor money, lack of transparency, and dependence on constant inflows. It then compares these to government finance, describing permanent deficits, ever-expanding debt roll...
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