Bitcoin is a unique asset

Lyn Alden wrote, "One of the concerns I’ve seen aimed at Bitcoin is the claim that it’s a Ponzi scheme. The argument suggests that because the Bitcoin network is contin­u­ally reliant on new people buying in, that eventu­ally it will collapse in price as new buyers are exhausted. So, this article takes a serious look at the concern by comparing and contrasting Bitcoin to systems that have Ponzi-like charac­ter­is­tics, to see if the claim holds up. The short version is that Bitcoin does not meet the defin­i­tion of a Ponzi scheme in either narrow or broad scope, but let’s dive in to see why that’s the case."

Link to the SwanBitcoin Website