What is the essential difference between Bitcoin and Ponzi scheme?

Ponzi scheme is actually a variant of pyramid scheme, but it ranks first because of its greater fame.

Ponzi scheme refers to the catastrophic crash of MMM's stock on July 24th, 1994. Only then did investors realize that attractive promises were just a kind of deception. This incident is a tragedy for millions of depositors.

Ponzi scheme began in Charles Ponzi. He said that in Europe, you can earn 50% of your investment in 45 days by exchanging US dollars for local currency to buy letter coupons and then taking them to the United States to exchange stamps for sale. Three months can double the investment. The first batch of "investors" did get the promised return within the specified time, and a large number of "investors" came here. But in the whole process of "investment", there is no real investment at all. Those who invest first benefit from other investors. Ponzi used the money of new investors to pay interest and short-term returns to old investors, creating the illusion of making money, and then defrauding more money. This is commonly known as "borrowing the new and returning the old".

After Ponzi, there is another person who "carries forward" Ponzi scheme: Bernard Madoff.

Madoff runs a hedge fund and was the chairman of Nasdaq. In the past 20 years, he has attracted funds with high returns and stable dividends. People believe that the dividend he paid comes from shrewd market investment, but in fact, the general market reward can't pay such a high income at all. Madoff had to desperately increase fund-raising and take the principal of the latecomers to satisfy the interest of early investors. Because his identity is quite trusted, his funds are increasing, reaching the scale of tens of billions of dollars. In the financial tsunami, the stock market plummeted and the capital chain broke, and people discovered the truth.

20 15 Ponzi scheme was introduced into China. There are two versions: 30% and 100%.

In half a year, Ponzi has developed hundreds of users, and repeated reminders from CCTV and CBRC have failed to dispel the enthusiasm of users!

Ponzi began to encourage bitcoin settlement.

At that time, after several years of slow rise, the international bitcoin price was about RMB 1000.

However, in Ponzi, only two months after it was proposed to encourage settlement with bitcoin, bitcoin grew to 8,000 or 9,000 RMB each. Immediately, the Ponzi platform restarted and announced the long-term "Mavro" before freezing. In order to get back their old horses, panicked people began to invest more crazily in order to get their money back quickly.

It was not until the Ponzi platform was restarted for the third time that people realized that they had been cheated!

Hundreds of thousands of people have lost their investment in selling houses or mortgage loans! Millions of victims have contributed Ponzi's life savings to varying degrees!

Ponzi has now taken people away from China.

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Is it over? Don't!

China has strict capital control, which prohibits capital outflow. How did Ponzi transfer so much money?

Bitcoin!

Ponzi hoarded a lot of bitcoin dug up in China, and the price of bitcoin has now exceeded 60,000 RMB. The middle has increased by more than 60 times!

Bian Xiao estimated that China's recent ban on bitcoin cash transactions may be related to Ponzi scheme.

When Ponzi scheme began to sell bitcoin, it was probably the end of bitcoin! This Ponzi scheme that fooled China may make foreign bitcoin investors become "takers" again!