Stand with The Libertarian Institute

The Empire has us on the brink of nuclear Armageddon. The central bank has us flirting with economic-social collapse. Americans are increasingly paranoid of one another and simultaneously invested in wielding the state against one another.

The voices of the establishment are legion. The voices of dissent are few. Make your stand for liberty by supporting The Libertarian Institute today.

Is Bitcoin A Ponzi Scheme?

by | Feb 3, 2021

Stock analyst Lyn Alden argues it is not.

The broadest definition of a Ponzi scheme refers to any system that must continually keep operating to remain functional, or that has frictional costs. Bitcoin doesn’t really meet this broader definition of a Ponzi scheme any more than the gold market, the global fiat banking system, or less liquid markets like fine art, fine wine, collectable cars, or beachfront property. In other words, if your definition of something is so broad that it includes every non-cashflow store of value, you need a better definition.

2021 02 03 14 51
  • Facebook
  • Twitter
  • Pinterest
  • reddit
  • LinkedIn
  • Buffer

More here

About Steven Woskow

Steve Woskow is an entrepreneur and was President of Agtech Products, Inc., a research and development company specializing in animal agriculture. He has a Ph.D. in Nutrition and Food Science from Iowa State University. He is retired and lives with his family in Northern Nevada.

Our Books

thisone

Related Articles

Related

The “Greedy Private Property” Deception

The “Greedy Private Property” Deception

  A "property right" entitles one party to exclude another from interacting with a scarce part of the universe - i.e. to have a property right in my car entitles me to exclude others from driving it to Dallas when I wish to drive it to Phoenix. There is no...

read more

Pin It on Pinterest

Share This