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Cison highlighted the distinction between Bitcoin and the myriad of other cryptocurrencies that followed. While Bitcoin, akin to the original Coca-Cola formula, represents a unique technological achievement, subsequent cryptocurrencies may not exhibit the same longevity or foundational stability.
Debunking the Ponzi Scheme Myth
One of the pivotal concerns addressed was whether cryptocurrencies as a whole, or Bitcoin specifically, could be considered a Ponzi scheme. Cison contended that while many new cryptocurrencies may not survive the test of time and could potentially exhibit characteristics of Ponzi schemes, Bitcoin and a few other established cryptocurrencies possess underlying technologies that remain intriguing and potentially valuable.