Quote Originally Posted by lardy View Post
Or to be more precise with what I said in #69, as I think people are going to jump on this, the current reliance on getting new investors is the similarity with a Ponzi.
But its nothing like a ponzi.

Miners mine the bitcoin. Existential arguments aside for now, we assume IT is a thing, it is on the bitcoin ledger and thus now existing. The miner now has a thing, the miner goes to the market and sells it, and then that thing is bought, sold and traded and exists (again putting aside the question exist). A Ponzi is robbing peter to pay paul, where nothing exists i fail to see the similarity.