If Trump is re-elected what does it say about the I.Q of the average American?

[brfsa2]

1 hour ago, proton said:

 

The biggest ponzi scheme ever 

I assume you are referring to BTC. Yeah, I hear of that for the past 7 years.... 

and because of that I will post why it's not, but for others to know, not for you.

 

Some people believe that Bitcoin is a Ponzi scheme because they don't really understand what a Ponzi scheme is or how Bitcoin works.

 

Bitcoin is not a Ponzi scheme. Bitcoin differs from a Ponzi scheme in several ways, such as:

Transparency:  Bitcoin transactions are recorded on a public ledger called the blockchain, which allows anyone to verify them at any time. Ponzi schemes require secrecy to operate.

Decentralization: Bitcoin is a decentralized asset, meaning it's not controlled by a third party or person.
Value: Bitcoin doesn’t rely on new investors to pay returns to earlier ones. Instead, its value is determined by market demand and supply, like other currencies and commodities. Ponzi schemes promise high returns with little risk, but the returns are actually paid out using funds from new investors.

Bitcoin can be highly speculative and its price can be very volatile, but it's not a Ponzi scheme.

 

And, it’s super important to note that the cryptocurrency space has seen its huge share of fraudulent schemes, like OneCoin, which was a true Ponzi scheme. So, while Bitcoin itself isn’t a Ponzi scheme, it’s crucial to be cautious and do thorough research before investing in any cryptocurrency.

[sumongkhwai]

I do appreciate the chosen name for the "scheme"; iCon, almost as if they were straight up up in the name, presentation etc.. iCon, weCon, we just take all your money ching ching.

[chickenslegs]

It's hard to feel sorry for anyone involved in this scheme. Even those at the lower end of the pyramid must have known that the only way to get a return on their "investment" was to recruit more victims - often family or friends.

 

 

[still kicking]

6 minutes ago, chickenslegs said:

It's hard to feel sorry for anyone involved in this scheme. Even those at the lower end of the pyramid must have known that the only way to get a return on their "investment" was to recruit more victims - often family or friends.

 

 

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