David Christopher Harris
โžก๏ธ ๐ˆ๐ฌ ๐๐ข๐ญ๐œ๐จ๐ข๐ง ๐š ๐๐จ๐ง๐ณ๐ข ๐ฌ๐œ๐ก๐ž๐ฆ๐ž? Letโ€™s bust that myth: block by block. Periodically I hear the same accusation: โ€œBitcoinโ€™s just a Ponziโ€, which has been circling around for YEARS. When I was initially researching into Bitcoin and how it works, I found it was nothing like the scam. Hereโ€™s why Bitcoin fails every test of a Ponzi scheme: ๐Ÿ›๏ธ ๐—ก๐—ผ ๐—–๐—ฒ๐—ป๐˜๐—ฟ๐—ฎ๐—น ๐—ฃ๐—ฟ๐—ผ๐—บ๐—ผ๐˜๐—ฒ๐—ฟ: โœ‹Ponzi schemes need a mastermind promising fixed returns and using new money to pay old investors. ๐Ÿ‘‰Bitcoin has no CEO, no company, no white-knight founder doling out returns. Just an open network maintained by miners and nodes worldwide, which anyone can be a part of maintaining the infrastructure (hence why it's called 'decentralized'). ๐Ÿ’ฐ ๐๐จ ๐†๐ฎ๐š๐ซ๐š๐ง๐ญ๐ž๐ž๐ ๐‘๐ž๐ญ๐ฎ๐ซ๐ง๐ฌ: โœ‹Ponzi victims expect โ€œguaranteedโ€ interest, only to see payments stop when new funds dry up. ๐Ÿ‘‰Bitcoin holders see market-driven price swings. No one promises youโ€™ll earn 10% per month. You profit (or lose) based on supply, demand, and adoption. Just like the majority of investments. ๐Ÿ” ๐…๐ฎ๐ฅ๐ฅ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ: โœ‹Ponzi operations hide their books; theyโ€™re built on lies. ๐Ÿ‘‰Bitcoinโ€™s ledger - the blockchain - is public. Every transaction, every block is visible. If someone tried to cook the books, the whole network would reject it. ๐Ÿค ๐’๐ž๐ฅ๐Ÿ-๐’๐ฎ๐ฌ๐ญ๐š๐ข๐ง๐ข๐ง๐  ๐ˆ๐ง๐œ๐ž๐ง๐ญ๐ข๐ฏ๐ž๐ฌ: โœ‹In a Ponzi, early investors are paid with new investorsโ€™ money... until collapse. ๐Ÿ‘‰In Bitcoin, miners secure the network and earn rewards through proof-of-work, which also issues new coins in a predictable, capped way (21 million Bitcoins to be issued, ever). Thereโ€™s no โ€œnew-investorโ€ pool: issuance is algorithmic and transparent. ๐ŸŒฑ ๐†๐ซ๐จ๐ฐ๐ข๐ง๐  ๐”๐ญ๐ข๐ฅ๐ข๐ญ๐ฒ, ๐๐จ๐ญ ๐‰๐ฎ๐ฌ๐ญ ๐‘๐ž๐œ๐ซ๐ฎ๐ข๐ญ๐ฆ๐ž๐ง๐ญ: โœ‹A Ponzi relies solely on recruiting people into the scheme. They need a constant supply of ne wmoney to fund previous investors (if they cash out). ๐Ÿ‘‰Bitcoin is a payment system, a store of value and a programmable money layer rolled into one. Its real-world uses (from cross-border wealth transfers to corporate treasuries) keep it alive and evolving. $BTC $ETH $SOL $MSTR (Strategy Inc)
null
.