Reminds me of this: http://i.imgur.com/gAGjP.png
Correlate Bitcoin prices with anything
31–32 of 32 posts
Re: Correlate Bitcoin prices with anything
#32As a ponzi scheme built on hype, http://www.google.com/trends/explore#q=bitcoin is all you need.
"Ponzi scheme" has a very specific definition (early investors paid by late investors rather than from profit). While Bitcoin may certainly be in a bubble, a sharp rise in price does not qualify it as a ponzi any more than tulip bulbs or AAPL shares.
I think what he means is that early adopters are disproportionally rewarded if additional people use the currency, since mining gets exponentially harder.