Why Bitcoin is a Pyramid Scheme and How We Can Fix It



Let’s jump right in. The only way Bitcoin can survive is if the price continues to rise.

The network is secured by a consensus algorithm called Proof of Work. Security is a function of hash rate; hash rate is a function of market price.

Read More: Why Bitcoin is a Pyramid Scheme and How We Can Fix It | by Greg (MicroGuy) Matthews | Oct, 2022 | Medium