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Old 2nd January 2018, 04:47 AM   #1363
psionl0
Skeptical about skeptics
 
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Originally Posted by Craig B View Post
No; but he could make bets on it, and increase the odds in his favour by designing the enterprise to be attractive to a targeted category of victims: millions of libertarians are still being sucked in by this Ponzi scheme that masquerades as a better alternative to 'fiat' currency". I think that's what's being argued. If that is what happened it is poetic justice.
Bitcoin is NOT a ponzi scheme and it doesn't "masquerade" as anything other than exactly what it is.

The fact that you have to consistently find new adjectives to make bitcoin seem worse than it is is your problem.
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"The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975
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