Former British Prime Minister Boris Johnson has issued a statement stating that Bitcoin is a Ponzi scheme. Generally speaking, Ponzi schemes have five typical characteristics: 1/High yield commitment: such as "30% monthly return" and "guaranteed principal and interest" 2/Repaying old with new: Relying on the money of new investors to pay interest and principal to early old investors 3/Mysterious Color: Using various obscure and difficult to understand new concepts to deceive people and create the illusion of "money making opportunities only known to insiders" 4/Threshold and Obstacles: There will be various rules and threshold restrictions when withdrawing, and I don't want you to leave 5/Interpersonal Fission: Often combined with pyramid schemes, encouraging relatives and friends to join, otherwise losing cash flow From these five dimensions, Bitcoin looks like this: 1. No promised return: Satoshi Nakamoto will not step forward to promise you a rate of return. The price of BTC is determined by market supply and demand, and 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 fund misappropriation and redistribution. 3/Openness and Transparency: The issuance/halving rules (https://(x.com))/SeaBitcoin/status/2031001509958410709), transfer records, and total limit of Bitcoin are all open and transparent, and anyone can access the open source code. 4/No threshold: With the private key in hand, no one can block it. Centralized exchanges (banks) may go bankrupt, but this is not a problem with Bitcoin itself. 5/No referral reward: If you introduce Bitcoin (https://(x.com)/SeaBitcoin/status/2028379491673026594) to your cousin in the village, Satoshi Nakamoto will not give you any reward. So, Bitcoin is not a Ponzi scheme. Especially without the most critical "human manipulation of allocation" and "fraudulent promises". Bitcoin is an open, transparent, decentralized, and global currency network driven by code and market demand.