No its is not as so many people are onto the trend and we are the witness price increases cause the miners contribute onto generation of bitcoin.

Oh, an no: the price will of course not contine to rise forever (that's a ridiculous assumption often touted by bitcoiners) The bitcoin network will collapse when the mining reward is no longer big enough for rational investors to keep mining for profit. If you want I can lay out what is going to happen in that case. The problem is though we don't know when it is going to happen, it could be next year, it could be in 10 years (or it could never happen, because bitcoin is killed earlier because of another problem but it is going to happy for sure given a long enough timeframe). Until then many will waste their money on bitcoin.

Nobody is promising you anything, you buy bitcoins to use them. A ponzi scheme is based on giving a percentage each month based in your investment.
Bitcoin is based on supply and demand.
You could argue that Bitcoin is a Ponzi scheme, but it does not promise anything to anyone. The only thing Bitcoin promises is an open source public ledger for transfer of value. If that were to fail then obviously Bitcoin would be worthless.

Ok I'm looking to write an article for an Australian publication, so if anyone would want to use their real names for quotes, than please let me know. I'm not against Bitcoin or anything but one final query I have. How is it viable to use a currency that is in limited supply. Remember, this isn't land, or oil or gold where there is an inherent value in those resources i.e. you can use those resources for a wide variety of purposes, breeding cattle, running cars and what not. The problem with bitcoin is that you can only trade it with someone who also thinks it is valuable. Wouldn't it be Ponzi like, instead of an charismatic individual, we have an integrated system for a currency that never stops rising. Like if something is in limited supply, then it is highly likely the price will never stop rising, i.e. oil and land. As such, it can also be easily speculated as there will always be a limited supply and it takes one marketing campaign to drive up demand. We have seen that happen many times with land, gold and oil. For a currency, isn't that quite troublesome if people are touting bitcoin as the next financial revolution, where international trade will be facilitated, but its value highly subject to speculation.

If Bitcoin had perfect distribution then would you still call it a Ponzi scheme?  I think this is what people don't get, it's only considered a Ponzi scheme because some think it is unfair they didn't get in early as those before them.  Free markets aren't perfect and neither is Bitcoin so you can expect things like speculation to take place for as long it will be tolerated IMO.

Bitcoin is the way out of the ponzi scheme that is the dollar.

A ponzi scheme is when early adopters are promised a return on top what they put in that comes from later contributors.

The Fed created a ponzi scheme after the default of the gold standard by promising returns of 15% to bond holders to rescue the dollar from collapse. Where would this 15% return magically come from? From borrowers taking on ever more debt to buy ever increasing assets while savers buy the bonds at ever decreasing interest rates. Until they can't go any lower then it blows it up when no more takers of the debt can be found.

Now those early joiners from the 80s are sat on multi million pound houses after lowering their borrowing costs along the way while someone joining now is stuck between borrowing at 2% to buy a house that will take 25 years to pay for and probably be worth less at the end, buying stocks at huge risk or sticking their money in a bank to get less than inflation. Now they have another choice. They can save their money as bitcoin.

bitcoin is not a ponzi scheme so many things that could be done with bitcoins

Certain aspects of Bitcoin do appear to have certain characteristics of a Ponzi scheme in so far, as early adopters (people on top of the typical Ponzi-pyramid or Ponzi-row) profit most from it, if they decide to hold their coins. But Bitcoin doesn't need new people in order to work or in order to remain functioning.

It's not a Ponzi (finite supply of coins) or a Scheme (it's an open-source project).  So Bitcoin is not a Ponzi Scheme.  And you are using the word "inherent" incorrectly so it's definitely not "a inherent Ponzi Scheme".