June 19, 20157 min read, 1444 words
Published: June 19, 2015 | 7 min read, 1444 words
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...
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Faulty Analogy
Dec 5
A very uneducated opinion that tries to analogize Bitcoin's digital scarcity and permissionless monetary network to a "ponzi scheme" or "pyramid scheme" - both of which of provably untrue if you simply read the definitions of these two schemes. A terrible take from someone who is just regurgitating surface level criticisms and this journalist claerly did not spend even ten hours researching the emerging asset class.
Dec 5