Aug. 19 at 6:01 PM
$BITI I have yet to get an answer to the following questions:
What is bitcoin used for?
What’s the purpose of owning it?
A Ponzi scheme works by attracting investors with promises of high returns and low risk. The organizer collects money from new investors and uses it to pay "returns" to earlier investors, creating the illusion of a profitable enterprise. No real business or investment generates these returns; the scheme relies on a continuous flow of new money. As long as new investors join, payouts continue. When recruitment slows or withdrawals increase, the scheme collapses, as there’s no actual wealth to cover demands, leaving most investors with losses.
