Bitcoin which you referenced is not Madoff. You're taking your fiat money and buying finite coins. It's like having a limited run of minted coins that cannot be counterfeited or duplicated. They took equipment and resources to mine which means there is labor behind obtaining them. Currency is just a medium to exchange that labor. The problem is government devalues that labor by printing too damn much of it and giving it to people that never invested their time or labor in obtaining it.

"it depends on demand to support its price."

That's not a ponzi scheme but that describes everything you listed. If no one wants liquor, land, or your rotted food then there is no demand. Madoff paid off investors with other investors money. He had to keep bringing in more investors or he would run out of money. That's a ponzi scheme.

Bitcoin which you referenced is not Madoff. You're taking your fiat money and buying finite coins. It's like having a limited run of minted coins that cannot be counterfeited or duplicated. They took equipment and resources to mine which means there is labor behind obtaining them. Currency is just a medium to exchange that labor. The problem is government devalues that labor by printing too damn much of it and giving it to people that never invested their time or labor in obtaining it.

"it depends on demand to support its price."

That's not a ponzi scheme but that describes everything you listed. If no one wants liquor, land, or your rotted food then there is no demand. Madoff paid off investors with other investors money. He had to keep bringing in more investors or he would run out of money. That's a ponzi scheme.

Bitcoin which you referenced is not Madoff. You're taking your fiat money and buying finite coins. It's like having a limited run of minted coins that cannot be counterfeited or duplicated. They took equipment and resources to mine which means there is labor behind obtaining them. Currency is just a medium to exchange that labor. The problem is government devalues that labor by printing too damn much of it and giving it to people that never invested their time or labor in obtaining it.

"it depends on demand to support its price."

That's not a ponzi scheme but that is describes everything you listed. If no one wants liquor, land, or your rotted food then there is no demand. Madoff paid off investors with other investors money. He had to keep bringing in more investors or he would run out of money. That's a ponzi scheme.

Bitcoin which you referenced is not Madoff. You're taking your fiat money and buying finite coins. It's like having a limited run of minted coins that cannot be counterfeited or duplicated. They took equipment and resources to mine which means there is labor behind obtaining them. Currency is just a medium to exchange that labor. The problem is government devalues that labor by printing too damn much of it and giving it to people that never invested their time or labor in obtaining it.

"it depends on demand to support its price." That's not a ponzi scheme but that is describes everything you listed. If no one wants liquor, land, or your rotted food then there is no demand. Madoff paid off investors with other investors money. He had to keep bringing in more investors or he would run out of money. That's a ponzi scheme.

Bitcoin which you referenced is not Madoff. You're taking your fiat money and buying finite coins. It's like having a limited run of minted coins that cannot be counterfeited or duplicated. They took equipment and resources to mine which means there is labor behind obtaining them. Currency is just a medium to exchange that labor. The problem is government devalues that labor by printing too damn much of it and giving it to people that never invested their time or labor in obtaining it.

"it depends on demand to support its price." That's not a ponzi scheme but that is describes everything you listed. If no one wants liqueur, land, or your rotted food then there is no demand. Madoff paid off investors with other investors money. He had to keep bringing in more investors or he would run out of money. That's a ponzi scheme.

Bitcoin which you referenced is not Madoff. You're taking your fiat money and buying finite coins. It's like having a limited run of minted coins that cannot be counterfeited or duplicated. They took equipment and resources to mine which means there is labor behind obtaining them. Currency is just a medium to exchange that labor. The problem is government devalues that labor by printing too damn much of it and giving it to people that never invested their time or labor in obtaining it.