Yes. Just a more complicated scheme. This has been the most successful scam in history.
No worries, should be dead in a few years. Another scam will rise from the ashes.
But how is it a ponzi, in a ponzi you need the new money to feed the earlier investors.
That isn't how Bitcoin works.
Bitcoin works more like a commodity/currency like gold or silver.
Don't get me wrong, I'm sceptical about Bitcoin but have learnt enough from guys like Max Keiser who bought at $0.50 and started punting it on his show Keiser Report at $1 to know that it's not a ponzi. He made many millionaires of his audience.
With the big boys having recently entered the market and are looking to hold and not sell, the price will continue to rise if that trend continues.
But I see huge economic turmoil in the future and that is why I stick with gold and silver, not sure how Bitcoin will fare in such a situation. So you can make money from Bitcoin but IMO you gotta know when the music is about to stop and get out. I could be wrong and Bitcoin does well in a economic collapse but I don't want to take that bet.