What ever we think is said to be our choice or opinion right? , I think that was all that was said to us by some scholar's or should I say the level of ideology that most of us was brought up with while growing up, fine that might actually be true, but it is not always true as some thoughts are wrong especially when you don't have enough facts about it. Their as been lot of talks recently in the crypto world and I honestly believed that the bear is definitely one reason why so many thoughts are coming out, those who don't understand what crypto is are also coming out giving the scheme different types of names that suite's them.
The bear is definitely one reason why they are coming up with different opinions and views about the crypto world, coming out with prove of what lot of individuals have lost as a result of the bear market , despite all this, it is not idea to have compared this Initiative with other schemes that aren't reliable at all, it is true that their is possiblity of losing funds during the bear market, but this on the other hand happens to individuals who don't have much understanding on how the bear is been handled.
Am not a fan of any other scheme that has no solid foundation, most especially the Ponzi schemes, so seeing most individuals , especially crypto critics comparing it to another form of Ponzi schemes is definitely lack of understanding too. it is very clear that most individual today hide under anything to defraud each other, but for no reason should you allow anyone to used you by hiding under crypto.
My debate in full and let me make you understand that Cryptocurrency is by far widely different and larger than any form of Ponzi schemes you might know or get involved in before.
What is Cryptocurrency
Recently this Initiative is now highly regarded all over the world, despite the fact that their are still some countries who are yet to accept it , even some government policies trying to tame is dominance too.
Cryptocurrency is definitely a highly regarded digital currency by cryptographic technique's. it brings in online secure mode of payment without the use of third party or any intermediaries. It is regarded as encrypted algorithm and cryptographic scheme that safeguard entries, such as elliptical curve encryption, hashing functions and private key pairs and lot more.
Crypto on it own can be mined, even purchased with the help of a secured wallet in carrying out such transactions and it also gives you the ability to monitor whatever assets you are acquiring too. Cryptocurrency comes with the best means of plain transactions, which means you get to see what you are doing and expected results can easily be predicted by you, unlike other forms of online initiative that comes with a fraudulent initiative, crypto gives you access to make decisions on your own and also making you to see the level of risk involved, it is not an Initiative that makes it compulsory that you must bring a certain number of individuals before you can start earning.
Decision making is always yours in crypto, which means you have the right to decide what you want, most especially when it comes to acquiring of assets or tokens, what you do is strictly what you choose to do,the crypto world comes with two seasons, the bear and bullish, which means you get to do whatever you want with your tokens during this period regardless of whatever anyone is saying at that moment.
One thing you should understand well enough is that Cryptocurrency gives you the ability to decide your own fate irrespective of what the market is also saying, you can choose to sell or hold during any of the crypto seasons
This are things the Ponzi schemes won't gives at all and one certain things about Cryptocurrency is that is for ever, imagine how long tokens like BTC, Ethereum and Hive as been in existence, it is not an Initiative that will pack off one night without notice and carting away with millions of funds that as been invested by different people. With all this I still find it hard to believe that many are still been brainwashed and still can't differentiate between Cryptocurrency and Ponzi schemes.
Ponzi scheme
Am not going to sounds bias about this at all and trust me am not going to sound friendly too, considering the level of damage's this initiative as done to life of millons of individuals in the world today, the way people are being cajole and lure to this is definitely one thing I still find difficult to understand and in one way to , have gotten to know that greediness too as indeed played it own part in getting so many individuals to this
Bring one person, that will bring another person, that will come with another person that know another person, this is is how this intiative works, they collect Mr A fund to Pay Mr B and later cart away with everyone fund's in that process. It is funny to see how an Initiative will gives you a maximum 200% profits of whatever you invest in 24 hours and you believe it.
Run for your life
Lot of individuals are now in debt as a result of all this Initiative that gives huge return on investment (ROI) in few days or hours only to end up carting away with people fund's, it is very clear that the the value of your investment can reduce in Cryptocurrency, especially during the bear market and you will definitely see for yourself, even with the hope that everything will be back too in a period of time, but with any form of Ponzi schemes, they lure you to put in more funds and disappear with it leaving you with nothing to have but debt and losses to count.
It is important that you understand and know the differences between this two initiatives and for no reason should you allow anyone to scam you under the name of Cryptocurrency too, am very sure that critics will definitely keep on going against this initiative as they don't know much about what crypto market is all about, but on a good note it is important than you invest in cryptocurrency and earn slowly than putting your funds in any forms of greedy Initiative and end up losing at the end.
Thanks for reading my debate ( Cryptocurrency Vs Ponzi schemes)
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Dear @houseofdavid, we need your help!
The Hivebuzz proposal already got important support from the community. However, it lost its funding a few days ago and only needs a few more HP to get funded again.
May we ask you to support it so our team can continue its work this year?
You can do it on Peakd, ecency,
https://peakd.com/me/proposals/199
Your support would be really appreciated.
Thank you!