It's natural, really, to have people like that in any space: just like there would those that would want fiat to be entirely gone eventually.

Thank you for the post. Newbies should find it very helpful in debunking the idea that bitcoin is a glorified ponzi. I would also love to add that a ponzi doesn't offer any real value but bitcoin solves the challenge of cross border pay at very low fee.

I've dealt with people that thought Bitcoin is just another ponzi. Welp, it's hard to win against them because they're close minded even I did explained everything I can in my capacity and knowledge that it's not. Because if it's a ponzi then why its price is also decreasing when the market is bearish and when it corrects. They still don't acknowledge that and that's why I just let them go and let them look at the price right now. That this supposedly ponzi on their belief has already missed themselves the opportunity when it's quite low.

The sad thing is that more than 15 years later the same "arguments" are being used without any increase in knowledge.  Look at slashdot.org from July 2010 and you will see the same type of stuff being said.  The smugness everywhere by people who are clearly uninformed about many details is ridiculous given the amount of time that has been going on. 

I can kind of see from people like Buffett and Munger since they aren't known for their technical prowess and even if they did understand they are beholden to the authoritarian powers who don't want people out from under the thumb of government but a lot of these people should know better.  The fact that they don't indicates to me that they are willing to sell out themselves and their populations for power.

It will always be part of a glorified ponzi scheme for those who don't understand bitcoin, and for those who take an easy money from bitcoin. Because believe it or not, no matter how we keep defending bitcoin from all its accusations, we can't change their own stance that bitcoin is just a big ponzi scheme, and that everyone should get rid of it.

However, for me that's fine. After all, we don't need to convince everyone to believe in bitcoin. Let our success become their eye-opener whether bitcoin is a big scam or not.

Exactly. The profit that the investors get is from the new investors that pays in to the scheme. And if there is no new investor that will come in, then there is no payout or profit for them. That's when the pyramid collapses and all that have entered newly are also going to lose money.

They cannot move on to their past experiences with the ponzi schemes and treats everything like Bitcoin as a scam or ponzi. They don't study what they are entering and that's why they're mostly falling for another scam type of investments. That's why knowledge is important in investing and if they don't understand Bitcoin yet, it's okay to study and not invest quickly on it. But they should also treat the same with ponzi schemes because earning money without working on it is their ideal but it's not right thing to do.

I am still surprised how some people can't spot a ponzi scheme,still finding it difficult to differential a ponzi scheme from a legitimate investment. I don't see why bitcoin should be seen as a ponzi scheme,besides Bitcoin operation is transparent,secured and reliable and have been acknowledged as the highest performing asset in the world, while it doesn't promise very high returns in a short time and have been running smoothly for15years. unlike ponzi scheme that requires a person to invest with a small capital for high returns in a short period of time and mind you,no ponzi scheme can operate and run smoothly for 15years,they will  certainly run out of funds to pay new members and would eventually crashed within a year or less,its all depends on their target.

However my points is that, Bitcoin doesn't come close to anything relating to Ponzi schemes. I believe people  connecting Bitcoin to ponzi doesn't understand how BTC works and are just ignorant to learn the basics about bitcoin. People with such mindset about bitcoin should be avoided because there words can be misleading if taken into thoughtful consideration.

Also because crypto is relatively a new space - where people believe in nonsense that doesn't make sense once get a good grasp of main concepts needed to be safe and not fall for some of the scams pulled off.

Bitcoin would work with or without new people, but everybody became so interested in it that it's natural that people keep getting into it: rightfully so.

Or we should ignore such people if they are too stubborn: after all, BTC is not for everyone, those who want to know more - they will try to make things up themselves properly.