So half the people that use gold are involved in a ponzi scheme? | Hacker News

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		doomroot on March 2, 2021 \| parent \| context \| favorite \| on: Bitcoin Is Time So half the people that use gold are involved in a ponzi scheme?

ttul on March 2, 2021 [–]

It may also not be correct that Bitcoin is a Ponzi scheme. A Ponzi scheme is, strictly speaking, one wherein the latest investors are used to pay out interest and withdrawals to earlier investors.

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