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RE: Incentive trees and what we can learn from Bitconnect
who made bitcoin is irrelevant isn't a company and doesn't ask for money
bitcoin is in no way a ponzi scheme has much utility is not just a token like 100's of thousands of other crypto
not facts people can and do get paid by scams before they pull an exit
in bitcoin coins are created due to POW nobody is asking for money
Evidence for
https://beta.companieshouse.gov.uk/company/10278342
Yeah and Jamie Dimon says the same about Bitcoin. This is why I say:
All of it is gambling. You might prefer to gamble on Bitcoin as your own preference but lets not pretend like Bitcoin price cannot be manipulated, or like you know the motives for the creation of Bitcoin. Also POW does ask for money, how do you mine without paying money ? So you lock up your money in mining equipment which breaks after 6 months, and how do I know? I've got experience.
If the token goes to zero then all your equipment you are stuck with. Bag holder in equipment is no different than if you hold a useless mining contract, or anything else. It's not a scam, it's called you gambled and you didn't win. Profits are not guaranteed in Bitconnect, or Bitcoin, or any crypto, If you choose to mine no one is guaranteed to buy the token, and any little thing can go wrong to crash the price.
Jamie Dimons statements are not based on facts and bitconnect is nothing like bitcoin has no economic principles security or utility
POW isn't asking for money its economic cost to secure network rewarded by minting
any market can be manipulated bitconnect controls the exchange that handles 90% of volume takes payment in an asset more valuable than what it pays which makes it much easier and cheaper to manipulate
size of bitcoin network and growth shows no chance of going of going to zero bitcoin has economic principles and utility bitconnect does not
no little thing can "crash" price now examples being everything bitcoin has survived isnt going anywhere