• TheImpressiveX@lemmy.ml
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    8 months ago

    Personally, I’d say Bitcoin is a negative-sum game.

    In order for one person to win, thousands of people have to lose. If that was all it was, Bitcoin would be merely a zero-sum game. However, Bitcoin mining also uses up valuable resources like electricity and processing power, so there’s still a loss.

    Calling Bitcoin a Ponzi scheme isn’t wrong, though.

      • Mesophar@lemm.ee
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        8 months ago

        Right, their comment basically is “A Ponzi scheme is when a company does it, but Bitcoin isn’t a company, so when Bitcoin does it it isn’t a Ponzi scheme!”

        Ok, but they never denied they were doing it…