Former British Prime Minister Boris Johnson published an article stating that Bitcoin is a Ponzi scheme. Generally, Ponzi schemes have five typical characteristics: 1/ High-yield promises: such as "30% monthly return" or "guaranteed principal and interest" 2/ Using new money to pay off old money: using money from new investors to pay interest and principal to earlier investors 3/ Mystique: using various obscure new concepts to deceive people, creating the illusion of a "profitable opportunity known only to insiders" 4/ Thresholds and barriers: various rules and thresholds for withdrawals, preventing you from leaving 5/ Networking: often combined with pyramid schemes, encouraging the recruitment of relatives and friends, otherwise there will be no cash flow. From these five dimensions, Bitcoin appears as follows: 1/ No promised returns: Satoshi Nakamoto will not promise you a rate of return. The price of BTC is determined by market supply and demand; it is a digital commodity. 2/ No central authority: the money you receive from selling BTC is paid by another buyer in the open market. This is based on transaction logic, not the misappropriation and redistribution of funds. 3/ Open and Transparent: Bitcoin's issuance/halving rules (x.com/Sea_Bitcoin/status/20310...…)、转账记录、总量限制全都公开透明，任何人都可以查阅开源代码。 4/ No Barriers: With the private key in hand, no one can stop you. Centralized exchanges (banks) may fail, but this is not a problem with Bitcoin itself. 5/ No Referral Rewards: You introduce Bitcoin to your cousin in the village (x.com/Sea_Bitcoin/status/20283...…)，中本聪不会给你一分钱奖励。 Therefore, Bitcoin is not a Ponzi scheme. Especially, it lacks the crucial elements of "manipulated distribution" and "fraudulent promises." Bitcoin is an open, transparent, decentralized, and global monetary network driven by code and market demand. twitter.com/Sea_Bitcoin/status...