Pyramid scheme bitcoin
Does pyramid scheme bitcoin require an ever increasing flow of money to sustain it? This is why much of the ancient legal codes revolved around issues like counterfeiting the tokens, ownership, lending regulations, repayment terms, interest rates, legal tender, etc. Is bitcoin a bubble then? It's a new type of pyramid scheme bitcoin system based on mathematics and rare numbers. But i beliave bitcoins is a good monetary initiative, but its still being doing the wrong way.
It's just a matter of pyramid scheme bitcoin until it bursts. Yes -Is bitcoin bubble an economic bubble involving over-valued stock? People were willing to accept bank note money in good times, but rushed into commodity as soon as a dark could appeared. What exactly are you trying to say?
But i beliave bitcoins is a good monetary initiative, but its still being doing the wrong way. I had to laugh pretty hard. Gold standard pyramid scheme bitcoin a short-term attempt to unify commodity and bank note money, and was a dismal failure.
It's possible of course. I agree that the definition of Ponzi scheme doesnt apply to bitcoins, but People were willing to accept bank note money in good times, but rushed into pyramid scheme bitcoin as soon as a dark could appeared. So, tokens began being used, and were the first money.
We all agree money has a value, what value has the money? Now the pyramid scheme bitcoin has abandoned commodity money and unified on bank note money. On what do you base your claim that the current market prices of bitcoin are unsustainable? There are flaws, but I thin those come from imbalances.
The whole concept of money is pyramid scheme bitcoin and more absurd is the currency system. The problem with commodity money involves lending. Does bitcoin require an ever increasing flow of money to sustain it? We all agree money has a value, what value has the money? It's possible of course.