8 years ago
4
Bitcoin isn’t the future of money — it’s either a Ponzi scheme or a pyramid scheme
Sometimes it's hard to tell whether Bitcoin is more like Ponzi scheme or a pyramid scheme. Whatever it is, though, it isn't a currency. It's a tech stock. Each Bitcoin is really a share in a system that seems to make it cheaper to transfer things online—money, stocks, bonds, even the deed to your house—by cutting out the middleman. Well, kind of. Bitcoin doesn't remove the middleman so much as replace him with middlemen who don't make you pay much, but make...
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http://www.washingtonpost.com
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These bloggers are so damn uninformed. Even the title is clickbaity and sensationalized.
The title sounds like it was written by my over-opinionated old boss. The things he didn't understand he labeled them as witchcraft and schemes.
I am not sold on Bitcoin. I don't think I ever will be. My gut tells me that it will fail. I trust my gut.
These types of articles have been reposted since the dawn of Bitcoin.