Is Bitcoin a Ponzi Scheme?

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Today is November 23, 2014

Bitcoin is not a ponzi scheme.

A ponzi scheme, named after Charles Ponzi

is a scheme where you use the money from new investors

to pay off early investors.

Satoshi Nakamoto -- the mysterious creator of Bitcoin does not get a cut from any bitcoin transaction, and is not using new investors money to pay off early investors because he doesn’t have any.

Bitcoin is not a ponzi scheme.

This has been -- Is Bitcoin a Ponzi Scheme?

with Mad Bitcoins

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