Apr 4, Even today, in , comments are posted around the Internet by people who insist on equating Bitcoin with a Ponzi scheme. In this article. Nov 26, The ancient Egyptians made pyramids to last forever. Wall Street's pyramid schemes aren't nearly as durable. Bitcoin, while not officially a. Nov 8, How is bitcoin different from other pyramid schemes, say, those run in penny- stock boiler rooms? The only distinguishing characteristics are the. Bitcoin bitcoin is bitcoin different from other pyramid schemes, say, those run in penny-stock boiler rooms? But its biggest draw was the "breakthrough" mining technology, which placed mining rigs in an underground vault in Iceland. Blindly labelling such a monumental advancement in technology hinders that process. Read Next Cyber Monday sales might not be enough to save retailers. Even see more decentralization claims are misleading. And XRP? Google and Ivanka Trump unveil a tech job training program. The fact that it takes such a large amount of digging to find out who really owns these companies is a major red flag, warned Joseph Rotunda, Director of the Enforcement Division at the Texas State Securities Board, which issued USI Tech ponzi scheme bitcoin a cease and desist order in Despite these reported concerns of potential fraud, hundreds of South Africans had invested in the cryptocurrency upstart. The process can go on for years before ponzi scheme bitcoin — a reality check, or simply exhaustion of the pool of potential marks — brings the party to a sudden, painful end. Julian says:. What is the appropriate price is another story. You are building a straw man here. There are far less costly technologies for moving funds.