What does bitcoin have in common with financial pyramids?

Against the background of dizzying ups and no less rapid falls in the stock of quotes of bitcoin, the view that the whole huge market of various crypto assets, including bitcoins, can be considered nothing more than a usual financial pyramid is widespread. But if all the same, "difficult yourself", by at least a superficial study of the basic principles, the most cryptic currency , in its essence, is the absolute opposite of this definition.

Investors is the full profit

Those who for some reason still did not get acquainted with the text of the original article of the mysterious Satoshi Nakamoto about the crypto-currency bitcoin, which saw the light back in 2008, the urgent advice - just read. These are several pages of the detailed technical description of the crypto currency. And after getting acquainted with this article, it becomes clear that in it, in general, in no way, does not mention any potential income from the "investment" in bitcoin. The text does not even mention the price of a coin.

The article describes in detail one of the options for resolving one of the old problems in cryptology, the so-called problem of Byzantine generals. It was in solving specific problems that the original value of this crypto-currency was.

In the crypto currency of bitcoin, there are no secrets, because it is built on one of the most open technology solutions in the world. Initially, open source codes provide an opportunity for everyone to use them or contribute their own contribution to the development of this technology; in it, absolutely the whole previous history of all transactions. This can be called an important departure from the essence of any financial system, which is kept in the strictest secrecy.

Only for the first time

Bitcoin, by itself, does not generate profit. It's nothing more than software. The current cost of bitcoin is directly dependent on the demand for it. Crypto currency bitcoin does not impose anything on anyone, it does not have any owner who could deal with large-scale advertising. Beginners who decided to join the bitcoin network do not finance previous users with their own means ... Absolutely.

In the classical pyramid, those who were founded, will be guaranteed the most well-off. And the more new members, the higher will be the earnings of those who have been founded. The founders carry out the initial investments and that they go directly to their pockets. Any pyramid is owned by new investors, who brings new capital, and it represents a new profit.

Bitcoin is arranged differently. Yes, some people who bought bitscoins even at the start of the network, at the moment could get profit somewhere around 50 thousand percent. But their overwhelming majority was squashed by the bitcoins they owned much earlier - for mining equipment, pizza, drugs, all sorts of gambling, and often simply lost private keys from their wallets. Previously, for most of its owners, bitcoin, it was, at least in the understanding of itself Nakamoto.

In addition, there are very few "old" holders. Some of them, at the moment, are fabulously rich, thanks to the market value of bitcoin, but the fact is that their capital is not realized in phiatic expression to this day. They measure their own state by the number of bitcoins they own, and not by the fixed course of the crypt.

Real Holders simply did not sell their bitcoins - and that's why they became richer. And the Holders will not sell them. Yes, some of these people will part with their own assets, but not withdrawing their crypto assets into fiat, and give them to someone who wants to get exactly the crypto. Most people do not want as much as possible with bitcoin as easily as they tend to spend. And bitcoin, so far, is much better suited for this very role of real "good" money, rather than any fiatn