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I still hear "Bitcoin is a ponzi scheme" every day so I finally made a video to teach them why they're wrong

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I still hear "Bitcoin is a ponzi scheme" every day so I finally made a video to teach them why they're wrong

People have been calling Bitcoin a Ponzi scheme for over 16 years. I'm pretty sure if that were true, it would already be dead. I made a video to break down what a Ponzi scheme actually is and why Bitcoin clearly does not fit that definition. I did identify why I think this criticism keeps popping up, and what people who say it fundamentally misunderstand about money, value, how markets work, ponzi schemes, and of course Bitcoin.

submitted by /u/thesatdaddy
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