Some say Bitcoin is a ponzi scheme. I suggest that it is in a way, but not because of investors – but because of processing.
Bitcoins Are Not a Ponzi Scheme – sort of
The Vapid Business Models Of The New Economy
I have been working in the online world in one fashion or another since pretty much before there was an online world. My first business venture with friends was well over 30 years ago, with 300 baud dial up modems and an HP mini computer serving up text based games, chat, and mail. That was a long time before there was a public internet, and just about the same time as the first of the BBS (computer bulletin board systems) came around. The result of all of this is that I have seen business models come and go, some goodRead More