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by not_really 1861 days ago
Was bitcoin not the first blockchain? Seems like you have your facts backwards.

If anything, the majority of post-bitcoin blockchains have in one way or another omitted key blockchain properties and therefore defeated the point of a blockchain, usually in the form of federated networks (private gate-kept chains), or, as you say, built with feature sets in order benefit ponzi scheme structures.

Lots of bitcoin hate lately, from environmental concerns (give me a break) now to "ponzi scheme". (Is it because there is a finite supply? Does that make buying gold a ponzi scheme too?)

Oh well, there's always been detractors.
1 comments
loceng 1861 days ago
MLM-Ponzi scheme was probably the very first criticism, but Bitcoin propaganda narrative m never engages with it; do yourself a favour and understand MLM and Ponzi structures, and then see if any of them match Bitcoin patterns.

Buying gold is not the same as buying Bitcoin, if you actually different fully.

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not_really 1861 days ago
> do yourself a favour

I couldn't care less if you bought or sold bitcoin.

See? Already very different from a ponzi scheme.

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