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sendero

(28,552 posts)

6. "Federal Reserve wanna-be"...

Reply to discocrisco01 (Original post)

Sun Dec 1, 2013, 05:35 PM

Dec 2013

... why wouldn't they wanna be. The Federal Reserve (not affiliated with the Federal Government in any way) creates money out of thin air also.

Who wouldn't want to be in on that action?

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Bitcoin a Ponzi Scheme? [View all] discocrisco01 Dec 2013 OP

Perhaps, perhaps not, but the author of that piece is an idiot. arcane1 Dec 2013 #1

Author is a butthead Aerows Dec 2013 #4

This. DanTex Dec 2013 #5

No. dipsydoodle Dec 2013 #2

Not really Aerows Dec 2013 #3

"Federal Reserve wanna-be"... sendero Dec 2013 #6

"It will never rival Social Security, however." What the fuck are you talking about??? madinmaryland Dec 2013 #7

Don't blame him, it's probably just something he's heard or read. Lasher Dec 2013 #10

little clues like this give you a good idea where the article is coming from NightWatcher Dec 2013 #14

It's not a Ponzi scheme. It might be a bubble. DanTex Dec 2013 #8

i worry about a dead switch Ichingcarpenter Dec 2013 #9

Same as any market Aerows Dec 2013 #13

Bitcoin isn't a ponzi scheme jmowreader Dec 2013 #11

"Bitcoin isn't a ponzi scheme" Aerows Dec 2013 #12

The stock market isn't a ponzi scheme. Nor is Social Security. jmowreader Dec 2013 #15

Anyone that places their financial faith Aerows Dec 2013 #18

I don't think that word means JNelson6563 Dec 2013 #16

Anyone who claims that Bitcoin is a Ponzi scheme does not understand what a Ponzi scheme is. Nye Bevan Dec 2013 #17

Does anyone on DU even HAVE Bitcoins? derby378 Dec 2013 #19