{"name":"Bitcoin Is Dead","attribution":"Source: Bitcoin Is Dead (https://bitcoindeaths.com)","totalObituaries":482,"matched":1,"returned":1,"query":{"search":"","year":"","person":"","publication":"","sort":"newest","slug":"2017-12-14-bitcoin-the-worlds-first-decentralised-ponzi-scheme","limit":5},"notes":"statementDate is the original publication date; addedOn is when the record entered this archive. Historical prices are USD snapshots, not investment returns. Inclusion records criticism, not a verdict that every claim is false.","terms":"https://bitcoindeaths.com/terms","documentation":"https://bitcoindeaths.com/data#lookup","records":[{"slug":"2017-12-14-bitcoin-the-worlds-first-decentralised-ponzi-scheme","title":"Bitcoin: The World's First Decentralised Ponzi Scheme","quote":"Bitcoin is the World’s first distributed, decentralised Ponzi scheme. No single operator is running it, and everyone has a chance to participate in it, but its value is determined purely by the weight of money coming into it and the willingness of holders to sell it. Like any Ponzi scheme, earlier participants came in at lower cost, and are now receiving much of the billions of dollars (yes, really) that newcomers are putting in.","person":"David M. Webb","jobTitle":"Investor","publication":"Webb-Site","statementDate":"2017-12-14","bitcoinPriceUsd":16531.08,"addedOn":null,"updatedOn":null,"citationUrl":"https://bitcoindeaths.com/posts/2017-12-14-bitcoin-the-worlds-first-decentralised-ponzi-scheme","sourceUrl":"https://webb-site.com/articles/bitcoinponzi.asp","archiveUrl":"https://web.archive.org/web/20171215060332/https://webb-site.com/articles/bitcoinponzi.asp"}]}