How the fuck is any crypto not a ponzi?

>millennial
No. Also,
>what are smart contracts and why is having them on a blockchain important

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>look I'm pretending to be retarded
"The price being overinflated doesn't render it a ponzi scheme"

It could be something as simple as an immutable store of value, which I personally think it does better than gold

Not really. They're only shiny and have whatever value you place on it.

>what are smart contracts

A buzz word to attract idiots

>buzz word
Time for you to kill yourself

Ponzis print papers that say they owe you money, which they make good on by attracting more investors. The amount of papers they print is unlimited, but the supply of new investors eventually dwindles. Bitcoin isn’t a company and doesn’t make any promises, also its supply is limited.

A currency is useful as long as you can trade it for other things. It doesn't matter if you trade it for seashells, castles or other currencies.

I bet I outlive your money user kun. At this rate at least that is a solid bet.

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Highly doubtful

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>supply is limited.

Buzz word...... 100000 million bitcoin copies all just as worthless.

>some how limited.

Everyday I wake up to see it bleed out faster and faster. I can assure you I have more staying power

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Nigger detected, no foresight

When you know I am right.

How the fuck is life not a Ponzi?

From what ive read, crypto has value both as a store of value (therefore having use), as well as value from speculative interest

>store of value

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Try again.

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gold and diamond are a ponzi too

You call smart contracts a "buzzword"
kys

>store of value
Take a finance class ever please

You can see on CMC that the copies are valued less if at all. The original ledger has the first-mover advantage in the niche and people try to get on that one rather than some copy that doesn’t have the recognition, adoption, and price stability. Naturally, cryptos compete on technological sophistication, but a copy of bitcoin that doesn’t offer some revolutionary new features isn’t going to replace it.

>posts a graph of an annual decline of less than one percent
>asserts this compared unfavorably to crypto

Jesus you're thick

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Brah, having less shit does not make the shit better especially when everyone can shit. Tossing technical buzz words does not improve the shits quality.

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>It could be something as simple as an immutable store of value, which I personally think it does better than gold

BTC sure has been storing value since December well

>muh buzz words
Why haven't you killed yourself yet?

I'm not your money

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>The values of these currencies are speculative, when people realize they aren't actually worth anything the market will collapse
>This money has no real intrinsic value unless it's spent on something
>The system is a bubble, nothing is actually worth what people are paying for it and the longterm prospects are terrible
>The fact that anyone can fabricate these currencies with no finite connection to physical real world items means that it can be easily created and overinflated
>It's a massive ponzi scheme which is going to come down on top of anyone dumb enough to throw their wealth in
Talking about fiat of course.

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>money
Hurr stop using these buzzwords please, my tiny brain can't comprehend

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First truthful statement you made this thread

But my fiat appreciated by 66% this month alone (in Bitcoin).

Kek I was doing an impersonation of you

Bitcoin eats money alive some how these retards defend it.

Don't see how useless this thing is.

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They're literally trying to rally the market when it's just the exchange and whales slowly skinning the entire market.

Check the price for a laugh. You are trolling me like a pro while getting fucked how is that working for you?

Literally one guy pumps it couple hours later completely deflated.

It's called patience and foresight, something that niggers like yourself lack. I held bitcoin from £10 in 2011 right up until last autumn when I sold it all for LINK, but I'm getting fucked, right? Yeah I'm down a bit since Jan but overall I'm up over 30000% from my initial. Stay salty and stay poor, faggot

The more you post the more evident it becomes that you don't really understand what crypto is and why people are interested in it. Honestly you seem a lot like a normie to me.

For every you I get the price drops 200,

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@8646842
Ok let's do it like this then

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The reason normies think crypto is a scam is because they're a good deal smarter than the autists, gamblers, and mongoloids on Jow Forums. Blockchain is a distributed public ledger and both SWIFT and PayPal allow transactions cheaper and faster.

>cheaper and faster
Maybe than bcore

Strong support at zero

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Than literally any coin or crypto exchange. I can pull funds invested in money market to my checking account on my phone in less than a second for no fee.

capitalism is a scam, labour is the only thing that establishes value. that applies to gold too as it is worthless (unless you are a retard that actually believes in theoretical value) until it is mined, processed and so forth.

everything is a ponzi

>Than literally any coin

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Does shit have a limited supply, durability, portability etc.? If you think those are buzzwords, try using shit as money.

Obvious bait, but still very stupid. Stupid even in the context of bait

if I shit post less do my post increase in value

That makes sense, given that companies don't have revenue other than stock sales and the manufacture of physical goods isn't real.

Oh wait, you're a faggot

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you can melt coins into bullets
it think it's what ultimately counts

i just sold my old ps3 to my little brother. he thinks he can sell it for more. PONZIED!

>Bitcoin eats money alive
>Bitcoin price is dropping haha
You never post any real explanation of why you believe the things you do, you're just convinced you're right because the market is going down almost all of your posts are barely a sentence or two long. You use "crypto" and "bitcoin" interchangeably not realizing they refer to different things and clearly don't know what a smart contract is but happily mock people who are interested in them.
>Haha the price dropped 200 dollars
I never see these kinds of posts when the price is doubling like crazy, for years the price of one coin was lower than 200 and that's table scraps now. If you picked a random point in the history of bitcoin and bought in chances are you'd make a huge amount of money.

>Haha you lost 60% of your wealth
And if you're patient and wait a year or so you'll gain 60% of your wealth, extremely volatile markets are fantastic for people who are patient and understand real investing. 20% rise in a year is fantastic if you're dealing with any normal stock and bitcoin has been doing a hell of a lot better than that since it's inception. Of course it's overvalued, that doesn't make it a ponzi anymore than the internet was a ponzi when the speculative market built around it crashed.

The dollar on the other hand is the biggest ponzi scheme in history, it has lost value yearly and consistently, when the time comes that the US has to pay their debt in obligations the only way they'll be able to do it is by printing ludicrous amounts of cash.

Everything is life is a Ponzi.
If you start a religion and manage to gather followers, you will be more venerated than latecomers.

>physical goods with planned obsolescence
>not a ponzi

Holy shit the absolute state of brainlets
You wouldn't be posting this if it wasn't because of gold
You know CPUs and motherboards got gold on em right?
geology.com/minerals/gold/uses-of-gold.shtml

>You never post any real explanation of why you believe the things you do

Why am I suppose to do this? When the market is answering the call.

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Nowadays revenue and stock price are unrelated ever since they realised they can do "stock buyback" (aka PUMP IT)

Gold is useful as money because it's rare, malleable, tangible, and all the other properties of sound money. Value does not come from labor - otherwise, if you spent a lot of time and worked really hard at shitting in streets, street-shitting would become valuable. I don't expect a communist subhuman farm animal to understand economics, so please just shut up about things you don't have the biological capability to comprehend.

>street-shitting would become valuable
en.wikipedia.org/wiki/Night_soil
It does.

>value does not come from labour
t. jew

It's not 100% a ponzi because some of the demand for it is tied to moving money internationally and buying stuff on the black market. I'm guessing the majority of its demand is speculative ponzi shit tho.

All money is not a ponzi. It's demand is mostly attached to the real economy, which mean what is tradeable for money is expanding. That makes it positive sum. If there was only a fixed amount of things money could buy but the price of money was always rising because of demand, it would have to be a ponzi because the only thing fueling the price would be a zero sum stock of good and services.

You mean like land, bonds, and asset futures? This is okay bait but falls apart too quickly.

i guess it's time to sue and report these organizations to the SEC because they are promoting a ponzi by supporting smart contracts and blockchain tech. i heard that the SEC offers a bounty for this, what do you guys think? let's make money
capgemini.com/consulting-de/wp-content/uploads/sites/32/2017/08/smart_contracts_paper_long_0.pdf
www3.weforum.org/docs/WEF_The_future_of_financial_infrastructure.pdf
www3.weforum.org/docs/WEF_Realizing_Potential_Blockchain.pdf
www.mdpi.com/1999-5903/10/2/20/pdf

i'm 100% sure whatever shit the idiots on biz are saying are fucking retarded anyway and that i'm 100% smarter than them, but so are these longstanding companies and organizations recognized by governments and experts across industries because they are wrong, plain and simple. i won't listen to biztards no matter what decent argument they say because they are dumb but i won't listen to these guys either because they are just promoting a ponzi. bitcoin and crypto is a ponzi no matter what they say, no matter what bullshit they are spouting. it's time for me to make money off of crypto instead of these ponzi promoters, let's do it guys i'm gonna report them to the SEC

The price of anything is given by the relation of demand and supply, and those are determined by the aggregate subjective valuation of people. So, how do you separate good investments from bad ones? What makes crypto different from stocks for example?
The difference is the reason of the valuation: why people give value to a crypto or to a stock at all.
The majority of people hold and want (give value to) crypto for speculative gains, which is why cryptos are so volatile. But aside from speculation, are there REALLY other, sustainable, use cases for the majority of cryptos that would justify such high prices or their existence at all? And are people really willing to use crypto for these other cases?
Compare this to the stocks of a company with an actual product and positive cash flow. The price (and fluctuations) of the stocks of such a company doesnt mean much, it is useful only in relation to its other metrics like various indexes, balance sheet strength, capital and dividend growth etc. If the price is fair in relation to those, than the investment is probably good, otherwise it is bad even if the stocks are cheap and they are growing because of speculation.
So far, cryptos have nothing like that, they are like a company with no product, no balance sheet to check, no free cash flow with which to pay dividends and no clear future of usability and thus capital growth (which is the only gain that can come from cryptos, since they are not a company that has profits and can thus pay its shareholders dividends even if the value of the stock goes down). It is all hype, there are no solid fundamentals in the current crypto market.
Maybe some project will succeed and be used in the real world, but for now i suggest to stay away from cryptos and keep your money safe.
Also this doesnt mean that the blockchain as a technology is useless, im sure there are (and will be) companies that are implementing it in order to improve their services/products, but blockchain != cryptos.

all those things are ponzi like

tldr

No, because if there were demand for shit-posting, anyone else could create shit-posts of the same value instead of you.

oops, it's the CFTC, sorry. they are offering a $100k bounty for this.
cryptoinsider.21mil.com/cftc-offers-bounty-on-crypto-pump-dump-whistleblowers/

can you believe it, companies that will utilize smart contracts could possibly save billions. fucking billions saved by promoting a ponzi, what an absolute sham. i'll write up a long message to report these fucking disgusting, abhorrent, ponzi promoting companies. while i'm at it i will petition the US, the only country in the world that matters, to dissolve its alliance with other governments that are knowingly promoting and recognizing the so-called potential of blockchain technology and smart contracts, which we all know is a fucking scam, a fucking ponzi scheme is what it all is. who's with me?

That is true in a sense, but stock buybacks connect the stock price to revenue. It's actually the fact that most of FANG doesn't do big enough stock buybacks to offset the fact that they don't give dividends which means that people flooding the stock market with money are, to some degree, inflating the price of the stock in a ponzi-esque way because it is only their money making the price rise, not the actually company's profit somehow getting recycled back into the stock's ability to generate profit for shareholders.

Good argument

Collecting feces for fertilizer is an entirely different activity.

do you guys think i should post this to r/buttcoin? biz is full of dumb fucks who think they are onto something great when it's all a fucking ponzi scheme anyway. i might get more help there so we can finally get rid of this scamming retards. honestly, fuck you dumbasses. i can't wait to make money off of you.

It's getting less volatile over time and will settle eventually, especially after it's done printing

pic related. i suggest everyone to buy this book btw! full of great info that absolutely BTFOs the retards in crypto. fucking idiot scammers, fuck yourselves. ponzi promoting fucks. get jailed soon, idiots. i'm screencapping this thread to report all of you to the CFTC, can't wait to make money

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>no pooping (labour)
>no readily available human feces (produced by labour)
>no street shit collecting (labour producing value)

Yeah, but at least I'm not stealing your money. So technically my shit posting is more valuable then btc. Hell, you might save money if you listen to me.

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alot of stocks have no dividend or payout and astroninical p/e ratios.
likewise some cryptos are backed by real companies and in the case of currencies have transfer utility.
The fundamental fact of markets is that value is subjective, and that the market coordinatea time with interest.
this makes all assets a ponzi in a large enough span of time.

agreed. btw we can make these fucks lose some more money by blocking CBOE's attempt at making a bitcoin ETF. i remember the legendary dude from r/buttcoin back in 2015 made an incredibly long essay highlighting the stupid and scammy nature of bitcoin and crypto in general, because the winklevoss twins wanted to make a bitcoin ETF. and he was successful! it was denied! i think bitcoin was around $500 back then. i can't wait for the price to crash to lower than that. i am so fucking excited to make these idiots lose some more money, lmao. ponzipromoting scum.

You can buy things with Bitcoin & co. Admittedly the offer is still poor, but it's not a ponzi, it's just a very volatile currency. For example 2 Manhattan condos were sold in bitcoin recently. It has also outperformed fiat almost every year so it's a somewhat risky store of value long term but with advantages over other SoV.

Utility tokens are not "ponzi" but time will tell if they were "scams".

false. "time will tell" lmao, none of the current cryptos right now have any value. literally zero companies in the real world are using it. utility tokens my ass, they are fucking useless. just whitepapers, empty promises. the only thing you can use it for right now (and forever) is for you to buy it low so you can sell it for higher later, aka a fucking ponzi. literally no companies have a single use case in the real world right now. none. absolutely no crypto are being used in the real world, no partnerships, it's all lies, a fucking scam, a ponzi, get over yourself.

Biz, thinks attacking some idiot on the internet will get there money back.

Some retard just tried to buy the dip because of TA memes and what not.

then it collapsed.

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lmao it's funny how they think that TA would help them get their money back while unironically ignoring what they call the "meme chart", aka very basic TA. it's all tea leaves anyway. there's no getting that money back. it's all a fucking sham, you people got scammed, sorry

Actually part of gold's valuation comes from the mining. Just like bitcoin.

What pisses me off the most are people like Tone Vays calling everything else a scam while wishing people who did not pick his scam lose all there money......Like the pot calling the kettle black.

>none
nope. maybe 99.9%.
any token that acts as a security has a use. trading tokens like bnb has a use. even platforms like ethereum have a use.

lol. bnb's only use is to trade all these ponzitokens. ethereum? just to create more of these ponzi shittokens. you people got scammed, sorry. ignore all the ramblings of those companies you might think are reputable or are legitimate. they are all fucking scams too for promoting blockchain and smart contracts, they are faking it. just straight out lying. we should report them to the CFTC so we can make some money. it's all a fucking scam, sorry. let's start with SWIFT for using its funds to host those competitions to utilise the technology for the fintech sphere they are a part of. just straight up promoting these ponzi schemes. i cant wait to jail those fucks

>how the fuck is any crypto not a ponzi?
pastebin.com/ZUxTmR99
1. BITCOIN HAVE LIMITED QUANTITY, IN DIFFERENCE FROM TULIPS, DOLLARS AND Ethereum
2. GOLD EXACTLY SAME A PYRAMID SCHEME AS A BITCOIN BUT ALREADY ABSORB ALL IN

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Hey retards the ta doesn't just say to buy

I saw several charts by people I think tend to be better showing a decent probability of going past 7200

Even then you don't put it all in at the likely bottom

One guy even said 6.6k for a bounce based on bollingers, candles, and rsi

I'm currently saving my ass on eos because of another one

The best thing to learn in life is how to delegate because you will never be the best. When you have all these people offering free advice, listen to all of them and eliminate the ones who tend to be more wrong than right. And that goes for more than crypto

you are just straight up retarded

outperformed fiat?

if you annualize bitcoins inflation this year so far its literally worse than holding currency in zimbabwe during hyperinflation