Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
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4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
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7: crypto related posts, unless essential, are disallowed
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Go read a bit of Satoshi's white paper on Bitcoin. It was created in response to the banking industry as a way for individuals to securely own digital currency without a centralized institution.
I have. I know the stated goal. The question is do you think that was the actual intent, or was it always intended as an elaborate ponzi scheme? I think it has more or less lived up to its stated goal, but as a currency. People think it's a Ponzi scheme because it's treated as an investment. From that perspective I can see why they think that and I wonder if they think that's what it was originally created for.
If it was a Ponzi scheme from the get go he would have cashed out his billions by now.