TL;DR A leaderless, transparent investment with a fair launch by definition cannot be a Ponzi scheme.
TD₿: Why Bitcoin is Not a Ponzi Scheme: Point by Point by Lyn Alden
TD₿: Why Bitcoin is Not a Ponzi Scheme: Point…
TD₿: Why Bitcoin is Not a Ponzi Scheme: Point by Point by Lyn Alden
TL;DR A leaderless, transparent investment with a fair launch by definition cannot be a Ponzi scheme.