Rickards: ‘Bitcoin is a Ponzi Scheme’

Pekelo said:
The point is, the SEC several times either don't want or can't act.
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Wrong, the SEC is very busy with all crypto related. Especially with the official requests to offer ETF's. In their replies and rejects they never ever have mentioned something about even the slightest possibility of a Ponzi. Just because it's obviously not the case.
 
maxinger said:
Someone should write an article :


Bitcoin is a Ponzi Scheme.
This is how to profit massively from it.

Complaining doesn't help you to earn money.
In fact, it shortens your life.
Always look at things from opportunistic viewpoint.
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I agree. In fact, I've said many times, the more absurd and vulgar the idea, the better.
 
No one cares what Rickards or any other goldbug has to say. I will say, however, that bitcoin or any other cryptocurrency is not the solution to the world's monetary problems.
 
carrer said:
I think it's closer to relate bitcoin to gold than to stocks.

1. They are limited in supply.
2. They are accepted as a mean of transaction.
3. Their prices fluctuate depending on the demand and supply (sentiment).
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O come on... that limited in supply story is being kicked in the guts daily by other coins being created or the 'hardforks'/spin-offs we're seeing at the moment.

Accepted as a means of transaction... not officially. Some stores accept them, yes.. but it's not as widespread as you think.

And the price fluctuating so much, that goes against the idea of value store, since that implies stability.
 
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