Dear Gargi,

Thank you for taking the time to read my work and thank you for contributing to the discussion.

As you would no doubt have noted, my comparison of Bitcoin to a perpetual bond was based on the characteristics of their effects, not the content of their characteristics.

I can neither confirm nor deny your allegation that Satoshi Nakamoto gave himself millions of Bitcoins and then gave the even millions more to his friends with the grand scheme of scamming everyone. At least for now, the blockchain analysis of the top Bitcoin wallet addresses seems to suggest that even if he and his posse had done so, they have not spent the Bitcoins on anything meaningfully large.

A read of the Bitcoin whitepaper would suggest that Satoshi (or whoever they, him, her or it (Maybe Deep Thought?)) were, pecuniary gain was unlikely to be their motivation.

It is unfortunate that you should label multi-level marketing as a scam, I think the criticism paints with too broad a brush.

I appreciate your concerns and apprehension with regards to this nascent digital asset, but perhaps the best we can do is to adopt an open mind and see both the good and the bad of cryptocurrencies.

Yours,

Patrick