not ponzi but 'pump and dump' and that label is apt for bitcoin as well

A Ponzi scheme is well-defined. Bitcoin is well-defined. The definitions are not the same.

It is on their TODO list but they don't have a date and it's not coming in the near future... so it's not clear if this will happen.

that's not wikipedia.

Aww did you sell your bitcoins early :S

Someone needs to grow up, that's for sure.

"Don't be discouraged if what you produce initially is something other people dismiss as a toy. In fact, that's a good sign. That's probably why everyone else has been overlooking the idea. The first microcomputers were dismissed as toys. And the first planes, and the first cars. At this point, when someone comes to us with something that users like but that we could envision forum trolls dismissing as a toy, it makes us especially likely to invest."

> 127.0.0.1 news.ycombinator.com

That's quite inefficient. Your browser ( and any other apps ) will attempt to connect to your legacy IPv4 localhost, time-out and fail, assuming you don't have a web server listening there.

Better to black-hole with an unroutable address. Try [::].