>What I meant was that the only way your investment in bitcoin will return a profit, is if there are more people after you willing to invest in the scheme. This is identical to a ponzi scheme.
That is not what makes a ponzi scheme a ponzi scheme, that is one element of a ponzi scheme but it's no different than any investment in a company that takes off. This is insufficient to call something a ponzi scheme. There MUST BE FRAUD, or it's not a ponzi scheme.
> Bitcoin has practically none, as discussed in my other points of the challenges of bitcoin as money.
Absolutely wrong, bitcoin has utility, trust-less exchanges of value, that's a valuable service to provide and the reason bitcoin maintains value.
That is not what makes a ponzi scheme a ponzi scheme, that is one element of a ponzi scheme but it's no different than any investment in a company that takes off. This is insufficient to call something a ponzi scheme. There MUST BE FRAUD, or it's not a ponzi scheme.
> Bitcoin has practically none, as discussed in my other points of the challenges of bitcoin as money.
Absolutely wrong, bitcoin has utility, trust-less exchanges of value, that's a valuable service to provide and the reason bitcoin maintains value.