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redpillrising 1 point ago +2 / -1

when will people learn..... "These ARE NOT currencies.. They're ponzi schemes....

sillBag 1 point ago +1 / -0

So tell me... in clear detail with evidence to support your claim...

How exactly is Bitcoin a ponzi scheme?

redpillrising 0 points ago +1 / -1

because if the power goes out, the system is hacked, implantation changes, encryption is broken (suggest you research quantum computing which will defeat the encryption), you own nothing.... Pure definition of greater fool theory...

sillBag 1 point ago +1 / -0

If the power goes out for that long we have a much bigger problem and gold bars and us dollar notes are going to be WORTHLESS.

implantation changes???? Do you know how btc works?

encryption is broken... Yes, quantum computing does break sha256 encryption... Buy guess what... BTC already has a quantum resistant algorithm it is ready to fork to before that becomes a problem... and also, it won't become a problem for DECADES.

Your arguments for how BTC becomes worth nothing... would also cause gold bars and us dollar notes to become worth nothing xD... you don't think Quantum computers couldn't hack into all of the bank's systems and encryptions they are using today???

sillBag 1 point ago +1 / -0

And also, I like how you just went to the general boomer's reasons... when I specifically asked HOW bitcoin was a Ponzi...

Answer THAT question... because you can't (without looking like a fool).

How EXACTLY is Bitcoin a ponzi scheme?