Read_485 - Why Bitcoin Is Not a Ponzi Scheme [Lyn Alden]

January 14, 2021 01:05:10
Read_485 - Why Bitcoin Is Not a Ponzi Scheme [Lyn Alden]
Bitcoin Audible
Read_485 - Why Bitcoin Is Not a Ponzi Scheme [Lyn Alden]

Jan 14 2021 | 01:05:10

/

Hosted By

Guy Swann

Show Notes

“From the begin­ning, Bitcoin has remained an open source and fully trans­parent project, and has the most organic growth trajec­tory of the industry. Given avail­able infor­ma­tion, the market has priced it as it sees fit, out in the open.” - Lyn Alden

Bitcoin is a Ponzi, say the detractors. Their arguments never seem anymore sophisticated, and sound increasingly desperate as Bitcoin continues to defy their view. Is there any truth to this? Well Lyn Alden decides to break it down for us, using a range from the most narrow, to the most broad view of a Ponzi, and lays out Bitcoin’s history, network effects, & open nature against it, to make the rather obvious case in hindsight, that Bitcoin, is indeed, Not a Ponzi scheme.

Check out the original for a few great graphics and charts to better visualize the argument, and to support/follow the work both of LynAlden, and the excellent Swan Bitcoin blog:
https://www.swanbitcoin.com/why-bitcoin-is-not-a-ponzi-scheme-point-by-point/

Support the show at GuySwann.com and start auto-buying your Bitcoin stack using the best service in the space! Get $10 FREE for signing up with my link and support the podcast at the same time:
swanbitcoin.com/guy

Don’t forget to explore our awesome sponsors and their products at the links below:
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

November 06, 2019 00:53:26
Episode Cover

CryptoQuikRead_316 - A New Monetary Network - The Bitcoin Times Vol 1 - Part 2 [Aleksandar Svetski]

"Bitcoin is the first time we’ve combined Money as a unit, with Money as a Network, into one thing." - Alexsandar Svetski Dont miss...

Listen

Episode

April 19, 2018 00:22:57
Episode Cover

CryptoQuikRead_052 - Mining Centralization Scenarios

Is Bitcoin really decentralized if we consider the enormous market dominance and hash power of Bitmain and the largest mining pools?  Listen to Jimmy...

Listen

Episode

July 19, 2019 00:41:03
Episode Cover

CryptoQuikRead_272 - Letting a Million Channels Bloom [Rusty Russell & Joe Netti]

The Lightning Network does, in fact, have scaling problems of its own. When the network grows to millions of channels we obviously won't be...

Listen