In a word, bitcoin is not a scam. Bitcoin has been more than ten years since its birth.

We can still see articles such as "bitcoin is a Ponzi scheme ". Here are the reasons why bitcoin is not a scam:

The so-called Ponzi scheme is to make up for the fund loopholes in the previous stage by using the later funds, and then deceive more people to participate in it by pretending that the rate of return on investment is very high.

But bitcoin is more like a kind of high circulation securities. To use the analogy preferred by people in the coin circle, bitcoin is the code level gold. It can not only act as the hard currency of the virtual world, but also circulate in the trading market. Most importantly, there is no central mechanism in the bitcoin system.

Since Nakamoto invented bitcoin in 2008, he retired two years later. His core developers are a group of top programmers from all over the world. Their job is to maintain the code and improve the bitcoin system, rather than fooling ordinary people into buying bitcoin.

Second, bitcoin does not promise high returns.

If you buy bitcoin, there will be a high profit. No programmer will exchange 10000 bitcoins for two pizzas worth $25.

After understanding the real mechanism and value of bitcoin, you will understand the essential difference between bitcoin and Ponzi scheme.

Bitcoin is not a scam, but there are many other people who use bitcoin to defraud everyone's money. So we must pay attention to the protection of personal assets to prevent the use of bitcoin fraud can take advantage of!