Followers | 196 |
Posts | 11503 |
Boards Moderated | 0 |
Alias Born | 11/29/2007 |
Sunday, December 17, 2017 3:34:25 PM
"In a Ponzi scheme, the new investors pay off the old investors until there aren't any new investors. Then the scheme collapses and everybody still in it loses everything. Though not intended, this is the function of the bitcoin exchanges: new buyers pay off the folks ready to get out.
"It's not quite a Ponzi scheme because there are some products that can be bought with Bitcoin. But, there are so few and they are so fickle that when Bitcoin collapses you won't be able to tell the difference."
Recent BTCUSD News
- Bitcoin Demand Surge: Binance Buyers Take Charge As Coinbase Premium Falls • NEWSBTC • 09/21/2024 04:00:56 AM
- Crypto wallets will evolve into 'filing cabinets' by 2030: Crypto exec • Cointelegraph • 09/21/2024 02:14:55 AM
- Bitcoin Approaches $65,000: Is Now The Perfect Time To Buy? • NEWSBTC • 09/21/2024 01:30:35 AM
- Bullish Analyst Sees Cardano (ADA) Rising 13% As Key Indicator Signals Buy • NEWSBTC • 09/21/2024 12:30:59 AM
- Dogecoin (DOGE) ‘Gearing Up for a Bullish Breakout,’ Says Crypto Analyst – Here’s What To Watch For • The Daily Hodl • 09/21/2024 12:00:06 AM
- Grayscale XRP Trust Surges 11.44% One Week After Launch, Here’s The Catalyst • NEWSBTC • 09/20/2024 11:30:50 PM
- SEC approves options trading on BlackRock’s spot Bitcoin ETF • Crypto Briefing • 09/20/2024 10:19:15 PM
- Ethereum Poised For A Comeback Following Interest Rate Cut: Steno Research • NEWSBTC • 09/20/2024 10:00:16 PM
- Bank of Canada just says no to retail CBDC in reshuffling of priorities • Cointelegraph • 09/20/2024 09:55:22 PM
- BingX confirms the resumption of withdrawal services following hack • Cointelegraph • 09/20/2024 09:53:28 PM
- SEC approves options for BlackRock's spot Bitcoin ETF • Cointelegraph • 09/20/2024 09:26:24 PM
- BNY Mellon may have received SEC approval to custody Bitcoin and crypto assets • Crypto Briefing • 09/20/2024 09:16:56 PM
- Crypto Biz: Circle prepares to debut on Wall Street • Cointelegraph • 09/20/2024 09:00:00 PM
- Securitize adds Wormhole for multi-chain RWA tokens • Cointelegraph • 09/20/2024 08:58:34 PM
- Is Bitcoin price going to crash again? • Cointelegraph • 09/20/2024 08:45:03 PM
- SEC seeks sanctions against Elon Musk over Twitter purchase • Cointelegraph • 09/20/2024 08:40:10 PM
- Here’s what happened in crypto today • Cointelegraph • 09/20/2024 08:32:35 PM
- These Altcoins Are Seeing High Whale Interest After Fed Rate Cut • NEWSBTC • 09/20/2024 08:30:11 PM
- Bitcoin ETFs Attract $158 Million Inflows; MicroStrategy Expands Holdings by 7,420 BTC Purchase; PancakeSwap Unveils v4 • IH Market News • 09/20/2024 08:10:09 PM
- Trader Updates Outlook on Altcoin That’s Exploded Over 23,000% Year-to-Date, Outlines Bullish Target for Bitcoin • The Daily Hodl • 09/20/2024 07:55:07 PM
- Bitcoin Miner Wallets Suddenly Come Back To Life After 15 Years Of Inactivity — Is Satoshi Back? • ZyCrypto • 09/20/2024 07:41:16 PM
- Crypto.com gains payment service license from Bahrain central bank • Cointelegraph • 09/20/2024 07:05:54 PM
- Dogecoin Open interest Remains Muted Below $500 Million, What’s Going On? • NEWSBTC • 09/20/2024 07:00:45 PM
- Aptos Foundation Partners with The Ignition AI Accelerator to drive advancement of AI startups in APAC • ChainWire • 09/20/2024 06:51:13 PM
- Late Night Television Legend David Letterman Struck From Trial Selection in Crypto Fraud Trial: Report • The Daily Hodl • 09/20/2024 06:41:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM