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<blockquote data-quote="BadIdeaGuy" data-source="post: 4599941" data-attributes="member: 73381"><p>Many, many, many, many times. On many different exchanges.</p><p></p><p>[USER=5382]@rod[/USER], crypto is not by itself a Ponzi scheme. There are <strong>Many</strong> cryptocurrencies out there that basically are, but the underlying technology is not.</p><p>Blockchain is basically another way of saying "decentralized ledger". No one can change it without everyone else mathematically verifying that the transaction is acceptable.</p><p></p><p>It's a way to keep things trustless, and hold people accountable. The paper monetary system is flawed because the government can print as much as they want. Or freeze bank accounts of political enemies. Or Tax peoples' bank accounts like they were going to do in Cyprus in 2013.</p><p></p><p>The algorithm behind bitcoin prevents anyone from playing games like that.</p></blockquote><p></p>
[QUOTE="BadIdeaGuy, post: 4599941, member: 73381"] Many, many, many, many times. On many different exchanges. [USER=5382]@rod[/USER], crypto is not by itself a Ponzi scheme. There are [B]Many[/B] cryptocurrencies out there that basically are, but the underlying technology is not. Blockchain is basically another way of saying "decentralized ledger". No one can change it without everyone else mathematically verifying that the transaction is acceptable. It's a way to keep things trustless, and hold people accountable. The paper monetary system is flawed because the government can print as much as they want. Or freeze bank accounts of political enemies. Or Tax peoples' bank accounts like they were going to do in Cyprus in 2013. The algorithm behind bitcoin prevents anyone from playing games like that. [/QUOTE]
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