View Bitcoin Ponzi Scheme Gif. Question, is it legal to perform a ponzi scheme with bitcoin since it is not recognized as a currency? In the light of the above explanations, i can say that people who say bitcoin is a ponzi scheme don't really understand what a ponzi scheme is.
Illustration Bitcoin Ponzi Scheme Hand Controlling Stock Illustration 1061002010 from image.shutterstock.com
They are extremely difficult to prevent and stop completely. Cryptocurrency ponzi schemes work in a much similar fashion to traditional ponzi schemes. Bitcoin, launched in 2009 by 'satoshi nakamoto' a pseudonym for a person or persons unknown, is a digital currency or.
Well, people who invested with bernie madoff also made lots of money.
So, is bitcoin a ponzi scheme? Bitcoin is not a ponzi scheme. By bitcoin, he was of course talking about btc only. What is a ponzi scheme?
