No it's not. A Ponzi scheme is an investment scheme where people are paid dividends from a percentage of the new investors' money. BitCoin is a much simpler scam: a pyramid scheme.
Actually, Yahoo had actual assets (intellectual, if you may, but real assets) backing up their stock price.
Even Amway sales are backed up by real products.
Bitcoins are not backed up by anything with real value. Therefore, it's a Ponzi scheme where returns depend only on later investors paying initial investors.
In some countries (like here in Mexico), if you want an iPhone 4* this means paying $600.00usd up front and then signing a $50usd monthly plan for 12 months.
Fail to see the advantage here.
*Similar, if slightly cheaper upfront charges apply if you want a DroidX or a Samsung GalaxyS
You could have bought your wife a cheap Android phone (like my Huawei Ideos) that costs a fraction of what the iPhone costs and still get an Android 2.2 smartphone with support for multiple language texting, apps and dedicated call and end buttons.
Apple has brainwashed the world into thinking they are the top purveyors of innovation and quality, they are not.
My home machine has been Ubuntu only since 8.04 and I upgraded to 11.04 without any problems.
Each user has their own desktop, mine uses Unity, my wife's is Gnome configured to look like WinXP and my 6 year old has a Gnome desktop with minimal menu for edutainment software, games and a locked down browser to visit Discovery Kids and Cartoon Network's sites.
1- check 2- check 3- in process 4- Never! 5- Regularly, for the last 12 years. 6- check 7- check 8- sorta, I only buy compilations, graphic novels and manga...
I know, I know, don't feed the troll and all that...
Slashdot Mirror
Nintendo started making card games
Nothing more dangerous than a little knowledge, eh?
I access my Ubuntu One files via the web interface on Windows... not very convenient, but it works in a jiffy
Damn, you beat me to that joke... It was the first thing on my mind after reading the title...
No it's not. A Ponzi scheme is an investment scheme where people are paid dividends from a percentage of the new investors' money. BitCoin is a much simpler scam: a pyramid scheme.
Sorry, you are correct.
Actually, Yahoo had actual assets (intellectual, if you may, but real assets) backing up their stock price.
Even Amway sales are backed up by real products.
Bitcoins are not backed up by anything with real value. Therefore, it's a Ponzi scheme where returns depend only on later investors paying initial investors.
Yeah, and The Others will come with the Long Night...
In some countries (like here in Mexico), if you want an iPhone 4* this means paying $600.00usd up front and then signing a $50usd monthly plan for 12 months.
Fail to see the advantage here.
*Similar, if slightly cheaper upfront charges apply if you want a DroidX or a Samsung GalaxyS
It's actually a classic Ponzi.
Sorry idiot, but us in Latin America remember the crap the CIA pulled here (and still does).
http://en.wikipedia.org/wiki/United_States_and_state_terrorism
http://en.wikipedia.org/wiki/Operation_Condor
http://en.wikipedia.org/wiki/Tlatelolco_Massacre
http://en.wikipedia.org/wiki/School_of_the_Americas
You are right, if anyone dropped the ball hard on the smartphone game is Nokia and Palm... sad.
Sorry, don't buy your argument.
You could have bought your wife a cheap Android phone (like my Huawei Ideos) that costs a fraction of what the iPhone costs and still get an Android 2.2 smartphone with support for multiple language texting, apps and dedicated call and end buttons.
Apple has brainwashed the world into thinking they are the top purveyors of innovation and quality, they are not.
Basically, the idiot has ordered to shoot on sight. The gangs respond in kind.
It has resulted in over 40,000 dead mexicans
If you have your money deposited in a major US bank, you are funding the drug cartels.
If you buy a firearm from a major US manufacturer, you are funding the drug cartels.
Forgot adding this link: Major US Bank found to launder billions of drug cash http://www.guardian.co.uk/world/2011/apr/03/us-bank-mexico-drug-gangs
Bullshit, the drug cartels in Mexico are being armed and funded by the US. The cartels have zero motivation to alienate the US.
70% of guns seized from the cartels were purchased in the US: http://online.wsj.com/article/SB10001424052702304259304576375961350290734.html
Even the US government has admitted to smuggling guns to the cartels: http://www.csmonitor.com/World/Americas/2011/0309/Mexico-lawmakers-livid-over-US-Operation-Fast-and-Furious
The US is the cartels #1 customer and main source of income.
So, if you do drugs or if you buy firearms in gun shows where identity checks are minimal, surprise! you are funding the cartels.
Please bear in mind that most of the funding and the weapons for the Drug Cartels come from the US.
http://online.wsj.com/article/SB10001424052702304259304576375961350290734.html
Yeah, but "a crown of lead that that men shall tremble to behold" doesn't have such a nice ring to it.
And how is a ponzi scheme going to help with avoiding politicians?
Sadly for me and other Tabletop RPG fans, Wizards of the Coast uses .Net and Silverlight for their Dungeons and Dragons online tools.
Aunt Edna? What happened to Aunt Tilly?? Is she a full-fledged Linux user by now?
False, I have been updating from one version of Ubuntu to the next for at least 2 years, with minimal problems.
My home machine has been Ubuntu only since 8.04 and I upgraded to 11.04 without any problems.
Each user has their own desktop, mine uses Unity, my wife's is Gnome configured to look like WinXP and my 6 year old has a Gnome desktop with minimal menu for edutainment software, games and a locked down browser to visit Discovery Kids and Cartoon Network's sites.
We are very happy and everything works fine.
Too soon!
1- check ...
2- check
3- in process
4- Never!
5- Regularly, for the last 12 years.
6- check
7- check
8- sorta, I only buy compilations, graphic novels and manga
I know, I know, don't feed the troll and all that...