its like any other commodity, the market decides how much it is worth based on supply and demand. googling bitcoin ponzi probably wont help you understand.
thanking you in helping me understand, the article was more anecdotal then to be taken as gospel and am not using it as the basis of my argument. Please read what has been posted in the above posts, and don't assume that I don't understand bitcoin. That was then, this is now? supply and demand the market is working fine..... Some rhetorical questions for you... how man coins again were stolen from mtgox? These exchanges that have done public audits what has been the size of there cold storage?
http://www.coindesk.com/security-firm-claims-new-leads-search-missing-mt-gox-bitcoin/ nothing new but its recent
calling bitcoin a ponzi equates to you not understanding what bitcoin is. how man coins? all of them were stolen. your sentence structure is not great, not sure what point you are trying to get across here?
I know enough to realise saying "bitcoin is a ponzi scheme" is cringe worthy, I typed up a response but lost it before I could post it, meh.
http://www.forbes.com/sites/andygre...-lord-the-silk-roads-dread-pirate-roberts-qa/ this is an interview with the administrator of silk roadd in at the time in 2013 where this person admits they weren't the creator of the site
[youtube]http://www.youtube.com/watch?v=s2mJfjPiv20[/youtube] [youtube]http://www.youtube.com/watch?v=PdIIg-jfAss[/youtube]
