If you consider Bitcoin a pyramid scheme I would love to hear your treatise on f... | Hacker News

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		huhlig on Aug 9, 2017 \| parent \| context \| favorite \| on: To Protect Voting, Use Open-Source Software If you consider Bitcoin a pyramid scheme I would love to hear your treatise on fiat currency, fractional reserve banking, and capitalism in general.

JumpCrisscross on Aug 9, 2017 [–]

I'll bite. What's the failure mode for a paper-money based fractional banking system with deposit insurance that makes it a pyramid scheme?

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