{"id":129,"date":"2019-12-25T07:12:00","date_gmt":"2019-12-25T07:12:00","guid":{"rendered":"https:\/\/crypto.homochi.com\/news\/?p=129"},"modified":"2021-06-03T07:43:00","modified_gmt":"2021-06-03T07:43:00","slug":"cryptocurrency-ponzi-scheme-bitcoin","status":"publish","type":"post","link":"https:\/\/crypto.homochi.com\/news\/2019\/12\/cryptocurrency-ponzi-scheme-bitcoin\/","title":{"rendered":"Is Cryptocurrency | Bitcoin a Ponzi Scheme"},"content":{"rendered":"<h3>1st Cryptocurrency &#8211; Bitcoin and Ponzi Scheme<\/h3>\n<p id=\"block-49484e71-2ecf-4074-9758-bf589b0ea5b4\" class=\"block-editor-rich-text__editable block-editor-block-list__block wp-block is-selected rich-text\" tabindex=\"0\" role=\"group\" contenteditable=\"true\" aria-multiline=\"true\" aria-label=\"Block: Heading\" data-block=\"49484e71-2ecf-4074-9758-bf589b0ea5b4\" data-type=\"core\/heading\" data-title=\"Heading\">This Article talking about the cryptocurrencies and Ponzi Scheme, what is cryptocurrency ( the 1st one Bitcoin) and is it or any relative with Ponzi Scheme\u2026\u2026.. You can also check our blog for update <a href=\"https:\/\/crypto.homochi.com\/news\/category\/crypto-news\/\">crypto news<\/a>&#8230;&#8230;<\/p>\n\n<div class=\"wp-block-ub-content-toggle wp-block-ub-content-toggle-block\" id=\"ub-content-toggle-block-0560b6ee-a46c-4c28-bbc3-5b3574419ecb\" data-mobilecollapse=\"false\" data-desktopcollapse=\"false\" data-preventcollapse=\"false\" data-showonlyone=\"false\">\n<div class=\"wp-block-ub-content-toggle-accordion\" style=\"border-color: #d4af37; \" id=\"ub-content-toggle-panel-block-\">\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" style=\"background-color: #d4af37;\" aria-controls=\"ub-content-toggle-panel-0-0560b6ee-a46c-4c28-bbc3-5b3574419ecb\" tabindex=\"0\">\n\t\t\t<p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-0560b6ee-a46c-4c28-bbc3-5b3574419ecb\" style=\"color: #000000; \">What is cryptocurrency<\/p>\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\" style=\"color: #000000;\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span><\/div>\n\t\t<\/div>\n\t\t\t<div role=\"region\" aria-expanded=\"false\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-0-0560b6ee-a46c-4c28-bbc3-5b3574419ecb\">\n\n<p>Starting with Blockchain, A blockchain, in the beginning block chain, is a growing list of statistics, called blocks, which can be linked the usage of cryptography. Every block incorporates a cryptographic hash of the previous block, a timestamp, and transaction statistics (normally represented as a Merkle tree). By means of design, a blockchain is resistant to modification of its records. <strong>This is because once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks.<\/strong><\/p>\n\n\n\n<p>A defining feature of cryptocurrencies is that they are usually not issued via any critical authority, such as a central bank, rendering them in concept immune to government interference or manipulation.<br>Created by means of the mysterious discern of <a href=\"https:\/\/en.wikipedia.org\/wiki\/Satoshi_Nakamoto#:~:text=Satoshi%20Nakamoto%20is%20the%20name,devised%20the%20first%20blockchain%20database.\">Satoshi Nakamoto<\/a> lower back in 2009, bitcoin is the authentic cryptocurrency constructed on a <strong>decentralized<\/strong> ledger, as blockchain technology. Bitcoin is the maximum treasured cryptocurrency through overall market capitalization.<br>The challenge is built on an open-source software program, because of this that virtually everybody can audit, make contributions, and improve its code base and documentation.<br>Those are not unusual traits shared through other blockchain-based cryptocurrencies.<br>Bitcoin proposes a new sort of cash, introducing specific standards which include virtual scarcity, decentralization, and immutability.<\/p>\n\n\n\n<p>So, cryptocurrencies did not got any promised by any official but we can sure that cryptocurrencies <strong>did not had fake and manipulation once issued<\/strong><\/p>\n\n<\/div>\n\t\t<\/div>\n<\/div>\n\n<div class=\"wp-block-ub-content-toggle wp-block-ub-content-toggle-block\" id=\"ub-content-toggle-block-a904ca45-3edc-495a-924d-fcc2b04b63d2\" data-mobilecollapse=\"false\" data-desktopcollapse=\"false\" data-preventcollapse=\"false\" data-showonlyone=\"false\">\n<div class=\"wp-block-ub-content-toggle-accordion\" style=\"border-color: #cf2e2e; \" id=\"ub-content-toggle-panel-block-\">\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" style=\"background-color: #cf2e2e;\" aria-controls=\"ub-content-toggle-panel-0-a904ca45-3edc-495a-924d-fcc2b04b63d2\" tabindex=\"0\">\n\t\t\t<p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-a904ca45-3edc-495a-924d-fcc2b04b63d2\" style=\"color: #ffffff; \">What is Ponzi Seheme<\/p>\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\" style=\"color: #000000;\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span><\/div>\n\t\t<\/div>\n\t\t\t<div role=\"region\" aria-expanded=\"false\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-0-a904ca45-3edc-495a-924d-fcc2b04b63d2\">\n\n<p>A funding scheme guarantees to pay traders a gangly return. But at the tip in fact that scheme can&#8217;t pay what they promised. truly the elevated return is got here from the investor who is part of the scheme later \u2013 This can be a <strong>Ponzi scheme<\/strong>. Typically, <strong>Ponzi schemes<\/strong> require preliminary funding and promise above-average returns. They use indistinct verbal guises equivalent to \u201chedge futures trading\u201d, \u201chigh-yield funding programs\u201d, or \u201coffshore investment\u201d to explain their proceeds strategy. It is not uncommon for the operator to make the most of an absence of investor information or competence, or generally declare to make use of a proprietary, secret funding technique to don\u2019t giving data in regards to the scheme. Simply, the promise is simply too good to be right, and actually, it isn&#8217;t in any way sustainable.<\/p>\n\n<\/div>\n\t\t<\/div>\n<\/div>\n\n<div class=\"wp-block-ub-content-toggle wp-block-ub-content-toggle-block\" id=\"ub-content-toggle-block-1d0b9224-52c4-49d2-ac61-7768ec6bf01f\" data-mobilecollapse=\"false\" data-desktopcollapse=\"false\" data-preventcollapse=\"false\" data-showonlyone=\"false\">\n<div class=\"wp-block-ub-content-toggle-accordion\" style=\"border-color: #00d084; \" id=\"ub-content-toggle-panel-block-\">\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" style=\"background-color: #00d084;\" aria-controls=\"ub-content-toggle-panel-0-1d0b9224-52c4-49d2-ac61-7768ec6bf01f\" tabindex=\"0\">\n\t\t\t<p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-1d0b9224-52c4-49d2-ac61-7768ec6bf01f\" style=\"color: #ffffff; \">My Conclusion<\/p>\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\" style=\"color: #000000;\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span><\/div>\n\t\t<\/div>\n\t\t\t<div role=\"region\" aria-expanded=\"false\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-0-1d0b9224-52c4-49d2-ac61-7768ec6bf01f\">\n\n<p><strong>Cryptocurrency is not Ponzi Scheme<\/strong><\/p>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1615725537369\"><strong class=\"schema-faq-question\">Cryptocurrency had a very attractive promise?<\/strong> <p class=\"schema-faq-answer\">No!<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1615725638663\"><strong class=\"schema-faq-question\">Cryptocurrency claims they had any business model?<\/strong> <p class=\"schema-faq-answer\">No!<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1615725730565\"><strong class=\"schema-faq-question\">Cryptocurrency had a promises to pay yield every year?<\/strong> <p class=\"schema-faq-answer\">No!<\/p> <\/div> <\/div>\n\n\n\n<p>Cryptocurrency promised nothing. It is only based on people&#8217;s trust, somehow just like gold trading. But Cryptocurrencies I think are better than gold because from their 1st day of the issue the blockchain technology limited their circulation. Because of the technology of the blockchain, there is no fake currency risk and manipulation problem.<\/p>\n\n<\/div>\n\t\t<\/div>\n<\/div>\n\n<div class=\"wp-block-ub-content-toggle wp-block-ub-content-toggle-block\" id=\"ub-content-toggle-block-d084b030-1321-4ead-9b80-99cec8009f32\" data-mobilecollapse=\"false\" data-desktopcollapse=\"false\" data-preventcollapse=\"false\" data-showonlyone=\"false\">\n<div class=\"wp-block-ub-content-toggle-accordion\" style=\"border-color: #cf2e2e; \" id=\"ub-content-toggle-panel-block-\">\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" style=\"background-color: #cf2e2e;\" aria-controls=\"ub-content-toggle-panel-0-d084b030-1321-4ead-9b80-99cec8009f32\" tabindex=\"0\">\n\t\t\t<p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-d084b030-1321-4ead-9b80-99cec8009f32\" style=\"color: #ffffff; \">Warning<\/p>\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\" style=\"color: #000000;\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down open\"><\/span><\/div>\n\t\t<\/div>\n\t\t\t<div role=\"region\" aria-expanded=\"true\" class=\"wp-block-ub-content-toggle-accordion-content-wrap\" id=\"ub-content-toggle-panel-0-d084b030-1321-4ead-9b80-99cec8009f32\">\n\n<p>Not anything shared or published through 3hkmarket constitutes an investment recommendation, nor have any facts or content posted by way of 3hkmarket be relied upon for any funding sports. 3hkmarket strongly recommends that you perform your very own independent studies and\/or communicate with a certified investment professional earlier than making any financial decisions.<\/p>\n\n<\/div>\n\t\t<\/div>\n<\/div>\n\n<div class=\"wp-block-ub-social-share\" id=\"ub-social-share-b48e9cfb-d919-4a4a-8e06-8657c1602694\">\n\t\t\t<div class=\"social-share-icons align-icons-left orientation-icons-row\"><a aria-label=\"facebook-logo\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fcrypto.homochi.com%2Fnews%2F2019%2F12%2Fcryptocurrency-ponzi-scheme-bitcoin%2F&amp;title=Is%20Cryptocurrency%20%7C%20Bitcoin%20a%20Ponzi%20Scheme\" class=\"ub-social-share-facebook-container\" style=\"border-color: #1877f2; 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